Core Viewpoint - The company expects to launch new chip product models in the second half of the year [1] Group 1: Product Development - The company's wholly-owned subsidiary, Chip Source Semiconductor, released a low-power microcontroller product CW32L011 with a 96MHz main frequency on May 7 [1] - The CW32L011 series is built on Huahong Semiconductor's 90nm LPeFlash process, providing excellent performance at a more competitive cost [1] - The company plans to continue developing new product models in the second half of the year [1] Group 2: Partnerships and Applications - In addition to distributing Huawei HiSilicon chips, the company will also develop downstream application solutions and products based on certain HiSilicon chip technologies [1]

Group 1: Company Performance and Products - The company launched a new low-power microcontroller product CW32L011 on May 7, 2025, based on Huahong Semiconductor's 90nm LP eFlash technology, expected to have more models released in the second half of the year [2][4] - The company has consistently performed well, with stock buybacks totaling approximately ¥180 million since 2019, including ¥59.98 million in 2019, ¥69.99 million in 2021, ¥42.08 million in 2022, and ¥8.02 million in 2023 [3] - The company’s stockholders have reduced their holdings, with the last major reduction occurring in December 2019, which is attributed to personal financial needs rather than a lack of confidence in the company’s future [5][8] Group 2: Investor Relations and Confidence - The company aims to enhance long-term investor confidence through stable performance, transparent information disclosure, clear strategic planning, and timely stock buybacks [4] - As of June 10, 2025, the company has approximately 125,000 shareholders [8] - The company is considering potential mergers and acquisitions in the semiconductor sector as opportunities arise [8] Group 3: Competitive Position and Collaborations - The company differentiates itself from competitors like Shenzhen Huaqiang by having distinct upstream product line resources and a broader industry coverage [6] - The company continues to collaborate with Huawei HiSilicon, providing components and promoting related chips and design solutions to its customer base [6][8] - The listing of the company’s associate, Yunhan Xincheng, is expected to enhance the company's asset value [7]