Group 1 - A new company named Hangzhou Embodied Infinite Future Intelligent Technology Development Partnership (Limited Partnership) has been established, focusing on information technology consulting services and investment activities using its own funds [1] - The company is jointly funded by Anheng Information, Hangzhou Forklift Group (603298), and a wholly-owned subsidiary of Beijing Galaxy General Robotics Co., Ltd., Hangzhou Galaxy General Robotics Co., Ltd. [1]

Core Viewpoint - The 2025 Autonomous Trusted Computing Innovation Forum was held in Beijing, highlighting the importance of trusted computing and cybersecurity in China's digital economy, with Anheng Information becoming a key player in the collaborative innovation mechanism for autonomous trusted computing [1][4]. Industry Overview - The construction of the cybersecurity grading protection system is a significant initiative in China's cybersecurity field, with trusted computing serving as a core technological support for building proactive defense systems and ensuring the controllability of information systems [3][5]. Company Highlights - Anheng Information has extensive experience in the cybersecurity field, contributing to grading protection construction, trusted computing technology research and development, product implementation, and application in various scenarios [3][6]. - The company recently launched the "Grading Protection Evaluation Report Analysis Intelligent Agent," which integrates AI and core standards to create a multi-dimensional intelligent review engine, marking a new era in intelligent report auditing [6]. - Anheng Information was the first company to complete the initial "Enhanced Trusted Execution Environment Basic Capability Special Test" organized by the China Academy of Information and Communications Technology, focusing on privacy computing technologies [6]. - The company aims to build a secure data flow infrastructure and develop trusted data space products, utilizing advanced technologies such as Big Data Trusted Execution Environment (BDTEE), Multi-Party Computation (MPC), and federated learning to ensure reliable, controllable, and traceable multi-party data joint computing processes [6].

Core Insights - The strategic value of network security testing software is increasingly highlighted amid the deepening digital transformation and rising cybersecurity risks, with the market expected to reach approximately 80 billion yuan in 2024 and continue to expand in 2025 [1][5] - The industry structure is shifting from a hardware-dominated model to one driven by software and services, with security software and services gaining a larger market share, while network security testing software is experiencing significant growth compared to the overall industry [1][5] - The competitive landscape is characterized by a mix of comprehensive vendors and specialized firms, with leading companies focusing on "technology + scenarios + compliance" to drive future development [1][5] Industry Overview - Network security testing software is designed to assess the security of network systems, applications, and related infrastructure, utilizing techniques such as simulated hacking and automated vulnerability scanning to identify potential security risks [2][3] - The software plays a crucial role throughout the entire lifecycle of system development, deployment, and maintenance, generating evaluation reports that include risk levels and remediation suggestions [2][3] Policy Framework - China has established a multi-layered policy framework to support the network security testing software industry, with laws such as the Cybersecurity Law and the Data Security Law providing a solid compliance basis and broad market development space [4][5] Industry Chain - The industry chain is well-defined, with upstream components including high-performance servers and core technologies like AI detection algorithms, while midstream focuses on product development and service provision [4][5] - Downstream demand is concentrated in critical sectors such as finance, government, telecommunications, and energy, driven by compliance requirements and data security needs [4][5] Current Market Analysis - The network security market in China is projected to reach approximately 80.36 billion yuan in 2024 and exceed 94 billion yuan in 2025, reflecting a healthy growth trend [5][6] - The market structure is evolving towards a model driven by software and services, with the share of security services increasing from 20.5% in 2019 to an expected 28% in 2024 [5][6] Competitive Landscape - The industry has formed a diverse competitive landscape, with key players like Qihoo 360, Sangfor, and Venustech leading the market, while specialized firms focus on niche areas such as cloud security and web application protection [6][7] - Companies are increasingly integrating AI and security technologies to enhance detection accuracy and expand market coverage [7][8] Future Development Trends - The industry is expected to evolve towards intelligent technology, standardized compliance, and diversified scenarios, with AI and automation becoming integral to the testing process [8][9] - The tightening of compliance frameworks will drive the adaptation of testing standards and tools to meet both domestic and international requirements [9][10] - The demand for tailored testing solutions in emerging fields such as the Internet of Things and cloud-native environments will lead to a shift towards vertical and integrated product offerings [10]

格隆汇12月12日丨安恒信息(688023.SH)公布2025年第二期限制性股票激励计划，本激励计划拟授予激 励对象的限制性股票数量为270.0000万股，占本激励计划草案公告日公司股本总额的2.65%。其中，首 次授予限制性股票216.0000万股，占本激励计划草案公告日公司股本总额的2.12%，占本激励计划拟授 予限制性股票总数的80.00%；预留授予限制性股票54.0000万股，占本激励计划草案公告日公司股本总 额的0.53%，占本激励计划拟授予限制性股票总数的20.00%。 ...

Core Viewpoint - Anheng Information (688023.SH) has announced a draft for its second phase of the 2025 restricted stock incentive plan, proposing to grant a total of 2.7 million restricted shares, which represents 2.65% of the company's total share capital as of the announcement date [1] Group 1 - The plan includes an initial grant of 2.16 million restricted shares and a reserve grant of 540,000 restricted shares [1] - The grant price for both the initial and reserve restricted shares is set at 27.71 yuan per share [1] - The effective period of the incentive plan lasts from the date of the initial grant until all granted restricted shares are vested or become invalid, with a maximum duration of 72 months [1]

杭州安恒信息技术股份有限公司 注 2：公司全部在有效期内的股权激励计划涉及的公司股票数量累计未超过本激励计划公告时公司股本总 1 额的 20.00%；本激励计划的任何一名激励对象通过全部有效期内的股权激励计划获授的公司股票数量累计 未超过本激励计划公告时公司股本总额的 1.00%。 注 3：预留授予的激励对象应当在本激励计划经股东会审议通过后 12 个月内确定，否则预留的限制性股票 作废失效。 注 4：以上百分比计算结果四舍五入，保留两位小数。 2025 年第二期限制性股票激励计划首次授予激励对象名单 注 5：以上合计数据与各明细数据相加之和在尾数上如有差异的，系四舍五入所致。 | 姓名 | 国籍 | 职务 | 获授的限制性股 | 占本激励计划 拟授出全部限 | 占本激励计划公 告日公司股本总 | | --- | --- | --- | --- | --- | --- | | | | | 票数量（万股） | 制性股票数量 | 额的比例 | | | | | | 的比例 | | | 范渊 | 中国 | 董事长 核心技术人员 | 6.0000 | 2.22% | 0.06% | | 张小孟 | 中国 | 董事 总经 ...

证券代码：688023 证券简称：安恒信息 公告编号：2025-064 杭州安恒信息技术股份有限公司 2025 年第二期限制性股票激励计划（草案）摘要公 告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 股权激励方式 □第一类限制性股票 √第二类限制性股票 □股票期权 □其他 股份来源 √发行股份 √回购股份 □其他 本次股权激励计划有效期 72个月 本次股权激励计划拟授予的权益数量 2,700,000股 本次股权激励计划拟授予的权益数量 占公司总股本比例 2.65% 本次股权激励计划是否有预留 √是，预留数量540,000股； 占本股权激励拟授予权益比例20.00% □否 本次股权激励计划拟首次授予的权益 数量 2,160,000股 激励对象数量 首次授予不超过210人 激励对象数量占员工总数比例 5.83% 激励对象范围 √董事 √高级管理人员 √核心技术或业务人员 √外籍员工 □其他，___________ 授予价格 27.71元/股 一、股权激励计划目的 杭州安恒信息技术股份有限公司（以下简称"公司" ...

杭州安恒信息技术股份有限公司 2025 年第二期限制性股票激励计划（草案） 证券简称：安恒信息 证券代码：688023 杭州安恒信息技术股份有限公司 2025 年第二期限制性股票激励计划（草案） 符合本激励计划授予条件的激励对象，在满足相应归属条件和归属安排后， 在归属期内以授予价格获得公司 A 股普通股股票，该等股票将在中国证券登记 结算有限责任公司上海分公司进行登记。在激励对象获授的限制性股票归属前， 激励对象不享有公司股东权利，且上述限制性股票不得转让、用于担保或偿还债 务等。 三、本激励计划拟授予激励对象的限制性股票数量为 270.0000 万股，占本 激励计划草案公告日公司股本总额 10,206.5545 万股的 2.65%。其中，首次授予 限制性股票 216.0000 万股，占本激励计划草案公告日公司股本总额 10,206.5545 万股的 2.12%，占本激励计划拟授予限制性股票总数的 80.00%；预留授予限制 性股票 54.0000 万股，占本激励计划草案公告日公司股本总额 10,206.5545 万股 的 0.53%，占本激励计划拟授予限制性股票总数的 20.00%。 公司2022年第一次 ...

北京博星证券投资顾问有限公司 关于杭州安恒信息技术股份有限公司 2025 年第二期限制性股票激励计划（草案）的 二〇二五年十二月 | 目 录 | 1 | | --- | --- | | 释 义 | 2 | | 声 明 | 3 | | 一、本激励计划的主要内容 | 4 | | 二、独立财务顾问意见 13 | | | 三、备查文件及备查地点 17 | | | （二）备查地点 17 | | 北京博星证券投资顾问有限公司 独立财务顾问报告 独立财务顾问报告 北京博星证券投资顾问有限公司 独立财务顾问报告 释 义 在本报告中，除非上下文文意另有所指，下列词语具有如下含义： | 安恒信息、上市公司、公司 | 指 | 杭州安恒信息技术股份有限公司（证券简称：安恒信息； | | --- | --- | --- | | | | 证券代码：688023） | | 股权激励计划、限制性股票 | 指 | 杭州安恒信息技术股份有限公司 2025 年第二期限制性 | | 激励计划、本激励计划 | | 股票激励计划 | | 《股权激励计划（草案）》、 | 指 | 《杭州安恒信息技术股份有限公司 年第二期限制 2025 | | 本激励计划草 ...

上海君澜律师事务所 法律意见书 二〇二五年十二月 上海君澜律师事务所 法律意见书 关于 杭州安恒信息技术股份有限公司 2025 年第二期限制性股票激励计划（草案） 之 释 义 在本法律意见书中，除非文意另有所指，下列词语具有以下含义： | 公司/安恒信息 | 指 | 杭州安恒信息技术股份有限公司 | | --- | --- | --- | | 《股票激励计划 | 指 | 《杭州安恒信息技术股份有限公司 2025 年第二期限 | | （草案）》 | | 制性股票激励计划（草案）》 | | | | 杭州安恒信息技术股份有限公司拟根据《杭州安恒 | | 本次激励计划 | 指 | 信息技术股份有限公司 年第二期限制性股票激 2025 | | | | 励计划（草案）》实施的股权激励 | | 《考核办法》 | 指 | 《杭州安恒信息技术股份有限公司 年第二期限 2025 | | | | 制性股票激励计划实施考核管理办法》 | | 激励对象 | 指 | 按照本次激励计划之规定获授限制性股票的公司 | | | | （含子公司）董事、高级管理人员、核心技术人员 | | | | 以及核心骨干人员 | | 标的股票/限制性 | | ...