Core Points - Suzhou Sonavox Electronics Co., Ltd. was established in accordance with the Company Law and Securities Law of the People's Republic of China, with a registered capital of RMB 160 million [4][6] - The company was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on April 19, 2021, after issuing 40 million shares to the public [4][6] - The company's business scope includes the production of automotive speakers, audio systems, and various electronic components, as well as import and export activities [7][8] Company Structure - The company is a permanent stock corporation with its legal representative being the chairman, who is elected according to the company's articles of association [4][8] - The company has a total of 160 million shares issued, all of which are ordinary shares [6][8] - The founding shareholders include Suzhou Sonavox Investment Management Co., Ltd., Nanjing Tongtai Venture Capital Partnership, and others [6][8] Share Issuance and Management - The company follows principles of openness, fairness, and justice in its share issuance, ensuring equal rights for all shares of the same category [7][8] - The company can increase its capital through various methods, including issuing shares to unspecified or specific targets, distributing bonus shares, or converting reserves into share capital [8][9] - The company is prohibited from repurchasing its own shares except under specific circumstances, such as capital reduction or employee stock ownership plans [8][9] Governance and Rights - Shareholders have rights to dividends, voting, and supervision of the company's operations, and can request to convene shareholder meetings [11][12] - The company must maintain transparency and provide necessary conditions for the activities of the Communist Party organization within the company [7] - The company is required to disclose information regarding significant events and maintain the independence of its operations and finances [17][18] Shareholder Meetings - The company holds annual shareholder meetings within six months after the end of the fiscal year, and can convene temporary meetings under certain conditions [27][30] - Decisions made at shareholder meetings require a two-thirds majority vote from the attending shareholders [24][30] - The company must provide legal opinions on specific issues discussed at shareholder meetings [25][30]

Core Insights - The 21st Shanghai International Automobile Industry Exhibition focuses on innovation and showcases cutting-edge technologies from leading global automotive companies [1] - Harman International, a subsidiary of Samsung Electronics, presents various automotive technology solutions, including smart interaction, in-car connectivity, and audio systems [1][3] Group 1: Company Developments - Christian Sobottka, President and CEO of Harman, emphasizes China's significance as a key market for automotive technology innovation, introducing solutions showcased at CES 2025 [3] - Harman has established a comprehensive layout in China covering R&D, production, and supply chain, with a new manufacturing facility in Suzhou that began operations in February 2025, involving an investment of 100 million RMB [3] Group 2: Technology Showcased - Smart Interaction System: Ready Engage integrates Cerence AI voice assistant for personalized AI interaction; Ready Upgrade allows for software updates every three months and vehicle upgrades every six months [4] - In-Car Connectivity Technology: Ready Connect enhances communication stability in remote areas; Ready Link Marketplace supports third-party in-car application development [4] - Safety Monitoring System: Ready Care utilizes AI and neuroscience principles to monitor driver physiological data in real-time and provide intervention solutions [4] - Audio and Display Technology: Collaboration with Samsung on automotive-grade HDR10+ display technology and Neo QLED screens; Seat Sonic audio system enables sound zone control through seat integration [4] Group 3: Market Trends - The Chinese electric vehicle market is driving technological breakthroughs in areas such as in-car displays and smart cockpits, with Harman's R&D team responsible for over 40% of global in-car display technology development [6] - The annual production capacity of in-car display modules at the Suzhou factory is set to reach 1.2 million units [6] - According to third-party data, the global smart cockpit market is expected to exceed $80 billion by 2025, with China accounting for 35% of this market [6] - Harman's showcased innovations, such as AR situational intelligence systems and cadmium-free quantum dot film technology, indicate a 60% increase in the pace of technological iteration in the automotive electronics sector compared to three years ago [6]