Core Viewpoint - The China Securities Regulatory Commission (CSRC) has issued guidelines to encourage listed companies to establish long-term incentive mechanisms, emphasizing the alignment of interests between management, employees, and the company to enhance value creation [1] Group 1: Company Overview - Puran Co., Ltd. specializes in the design and sales of non-volatile memory chips, including NOR Flash and EEPROM, as well as microcontroller chips and analog products [2] - The company went public on the Shanghai Stock Exchange's Sci-Tech Innovation Board in August 2021, raising a net amount of 1.246 billion yuan from the issuance of 9.0572 million shares at a price of 148.90 yuan per share [2] Group 2: Equity Incentive Plans - Puran has implemented four equity incentive plans since its listing, with the first plan proposed just two months after the IPO, indicating a proactive approach to incentivizing employees [3][4] - The 2021 incentive plan aimed to grant 350,000 restricted stocks at a price of 44.67 yuan per share, significantly lower than the average trading price prior to the announcement [3] - The performance targets for the 2021 plan were not met in the first two assessment periods, with revenues of 9.25 billion yuan and 11.27 billion yuan in 2022 and 2023, respectively, falling short of the required targets [3][4] Group 3: Performance and Targets - The 2022 incentive plan also set ambitious revenue targets, with the company achieving 11.27 billion yuan in 2023, which did not meet the first target but was close to the trigger value for the second [4] - The 2024 plan set a target of 18.04 billion yuan for 2024, which was achieved, resulting in a 100% vesting rate for that period [6] - The 2025 plan has set even higher targets, with required revenue growth rates of 70% and 120% for the first two assessment periods [7] Group 4: Shareholder Actions - Major shareholders and executives have been actively reducing their holdings, with significant amounts of shares sold shortly after the expiration of lock-up periods [9][11] - The total shares sold by major shareholders amounted to approximately 2.8027 million shares, generating around 390 million yuan, while another major shareholder completely exited their position, realizing about 584 million yuan [12]

Core Points - The company, Hefei Jinghe Integrated Circuit Co., Ltd., is preparing for its 2024 annual shareholders' meeting, focusing on various proposals including the 2025 restricted stock incentive plan and the confirmation of related party transactions for 2024 [1][2][3] Meeting Procedures - Shareholders and their representatives must sign in at least half an hour before the meeting, presenting necessary identification and documentation [2][3] - The meeting will follow a structured agenda, allowing shareholders to exercise their rights to speak, inquire, and vote [2][3][4] - Voting will be conducted both on-site and online, with results announced after the meeting [4][5] Proposals Overview - Proposal 1: Revision of the company's articles of association and related registration matters [6][9] - Proposal 2: Amendments to governance rules to enhance corporate governance [9] - Proposal 3: Termination of certain fundraising projects and reallocation of funds to other projects, specifically increasing investment in the 28nm logic and OLED chip process platform project [10][15] - Proposal 4: Implementation of the 2025 restricted stock incentive plan to attract and retain talent [16][19] - Proposal 5: Establishment of assessment management measures for the 2025 restricted stock incentive plan [18] - Proposal 6: Authorization for the board to manage the 2025 restricted stock incentive plan [19] - Proposal 7: Approval of the 2024 annual report and summary [21] - Proposal 8: Approval of the 2024 financial settlement report [22] - Proposal 9: Approval of the 2025 financial budget [22] - Proposal 10: Profit distribution plan for 2024, proposing a cash dividend of 1.00 yuan per 10 shares [22][23] - Proposal 11: Presentation of the 2024 board work report [24] - Proposal 12: Presentation of the 2024 supervisory board work report [25] - Proposal 13: Presentation of the 2024 independent directors' performance reports [25] - Proposal 14: Anticipated related party transactions for 2025 and confirmation of 2024 transactions [25]

星标 ★ IPO日报 精彩文章第一时间推送 一起A股重大资产重组，"黄了"！ 近期，深圳英集芯科技股份有限公司（SH688209，下称"英集芯"）发布公告称，此前，公司因筹划支付现金、发行定向可转换公司债券购买辉芒微电子 （深圳）股份有限公司（下称"辉芒微"）控制权，同时拟募集配套资金的事项，公司股票自2025年3月4日（星期二）开市起停牌。但最终，公司决定终止 筹划重大资产重组事项，自3月18日开市起复牌。 据悉，英集芯为数模混合芯片商，于2022年4月19日在上交所科创板上市。标的公司辉芒微是国内少数具备微控制器芯片、电源管理芯片和存储芯片设计 能力的企业。 复牌当日，英集芯股价收报19.81元，下跌0.65%，总市值约85.03亿元。 制图：佘诗婕 01 未达成一致 此次重组终止原因系核心条款未能最终达成一致意见，主要为交易对价等核心条款。 英集芯表示，本次重组自启动以来，公司及重组相关各方积极推动本次重组的相关工作，与本次重组有关各方进行了积极磋商、反复探讨和沟通。由于交 易相关方未能就本次重组方案的交易对价等核心条款最终达成一致意见。经认真听取相关各方意见并与交易相关方协商一致，为切实维护公司及广大 ...