北京海天瑞声科技股份有限公司（以下简称"公司"）2025 年第一次临时 股东大会（以下简称"本次股东大会"）采取现场投票与网络投票相结合的方式， 现场会议于 2025 年 9 月 16 日 14:30 在北京市海淀区知春路 68 号院 1 号楼 4 层 401 召开。北京市天元律师事务所（以下简称"本所"）接受公司聘任，指派本 所律师参加本次股东大会现场会议，并根据《中华人民共和国公司法》《中华人 民共和国证券法》（以下简称"《证券法》"）、《上市公司股东会规则》（以下简 称"《股东会规则》"）以及《北京海天瑞声科技股份有限公司章程》（以下简 称"《公司章程》"）等有关规定，就本次股东大会的召集、召开程序、出席现 场会议人员的资格、召集人资格、会议表决程序及表决结果等事项出具本法律意 见。 为出具本法律意见，本所律师审查了《北京海天瑞声科技股份有限公司第 三届董事会第五次会议决议》《北京海天瑞声科技股份有限公司第三届董事会第 六次会议决议》《北京海天瑞声科技股份有限公司关于召开 2025 年第一次临时股 东大会的通知》（以下简称"《召开股东大会通知》"）《北京海天瑞声科技股份 有限公司关于 2025 年第一次 ...

Group 1 - The stock of Haitan Ruisheng closed at 126.73 yuan on September 16, with an increase of 0.88% [1] - Three block trades occurred, totaling 61,000 shares and a transaction amount of 6.466 million yuan [1] - The first trade was at a price of 106.00 yuan for 23,000 shares, with a premium rate of -16.36% [1] - The second trade was also at 106.00 yuan for 19,000 shares, with the same premium rate of -16.36% [1] - The third trade was again at 106.00 yuan for 19,000 shares, maintaining the -16.36% premium rate [1] Group 2 - In the last three months, the stock has seen a total of 24 block trades, with a cumulative transaction amount of 119 million yuan [1] - Over the past five trading days, the stock has increased by 10.78%, with a net inflow of main funds amounting to 17.2348 million yuan [1]

Group 1 - On September 16, Haitan Ruisheng executed a block trade of 61,000 shares, with a transaction amount of 6.466 million yuan, accounting for 2.66% of the total transaction volume for the day [1] - The transaction price was 106 yuan, representing a discount of 16.36% compared to the market closing price of 126.73 yuan [1] Group 2 - The block trade involved multiple transactions on the same day, all at the price of 106 yuan, with total transaction amounts of 243.8 thousand yuan, 201.4 thousand yuan, and 201.4 thousand yuan respectively [2]

Group 1 - The core transaction on September 15 involved a block trade of 19,000 shares of Hai Tian Rui Sheng, with a transaction value of 2.09 million yuan, at a price of 110.00 yuan, which represents a discount of 12.43% compared to the closing price of the day [1][3] - In the last three months, there have been a total of 21 block trades for this stock, with a cumulative transaction value of 113 million yuan [2] - The stock closed at 125.62 yuan on the day of the report, down 0.78%, with a turnover rate of 3.90% and a total trading volume of 297 million yuan, indicating a net outflow of 11.31 million yuan in main funds for the day [2] Group 2 - The latest margin financing balance for the stock is 335 million yuan, with a decrease of 210,000 yuan over the past five days, reflecting a decline of 0.06% [3] - Hai Tian Rui Sheng Technology Co., Ltd. was established on May 11, 2005, with a registered capital of 60.32518 million yuan [3]

Group 1 - The stock of Haitan Ruisheng closed at 125.62 yuan on September 15, with a decline of 0.78% [1] - A significant block trade occurred, involving 19,000 shares and a total transaction value of 2.09 million yuan, with a transaction price of 110.00 yuan per share, reflecting a premium rate of -12.43% [1] - Over the past three months, the stock has recorded 21 block trades, totaling 113 million yuan in transaction value [1] Group 2 - In the last five trading days, the stock has increased by 3.31%, while the net outflow of main funds amounted to 23.68 million yuan [1]

Group 1 - A total of 67 stocks experienced block trading on September 15, with a total transaction value of 2.22 billion yuan [1] - The top three stocks by transaction value were Hangzhou Steel (2.5 billion yuan), Guangqi Technology (2.23 billion yuan), and Demingli (2.04 billion yuan) [1] - Among the stocks, 10 were traded at par, 4 at a premium, and 53 at a discount; Zhejiang Meida, SF Holding, and HNA Technology had the highest premium rates of 9.04%, 7.06%, and 1.35% respectively [1] Group 2 - The top stocks by institutional buying were Hangzhou Steel (250 million yuan), Jiangsu Leili (198 million yuan), and Haiguang Information (106 million yuan) [2] - Other notable institutional purchases included Caida Securities (63.6 million yuan), BGI (25 million yuan), and Ningde Times (20.9 million yuan) [2] Group 3 - The top stocks by institutional selling included Xinyi Technology (21 million yuan), Ningde Times (20.9 million yuan), and BYD (20.8 million yuan) [3]

Group 1 - On September 15, Haitan Ruisheng executed a block trade of 19,000 shares, with a transaction value of 2.09 million yuan, accounting for 0.7% of the total transaction volume for the day [1] - The transaction price was 110 yuan, representing a discount of 12.43% compared to the market closing price of 125.62 yuan [1]

Summary of Key Points Core Viewpoint - Haitan Ruisheng (688787) has shown a price increase of 1.37% this week, closing at 126.61 yuan, with a total market capitalization of 7.685 billion yuan as of September 12, 2025 [1]. Trading Information - On September 11, 2025, Haitan Ruisheng executed two block trades at a discount of 15.29%, with a total transaction amount of 4.664 million yuan [1][3]. Company Announcements - The company plans to abolish the supervisory board, transferring its responsibilities to the audit committee of the board of directors, and will amend the company’s articles of association and related governance systems [1][3]. - The legal representative is proposed to change from Chairman He Lin to General Manager Li Ke [1]. - The company intends to provide a joint liability guarantee for its subsidiary DATAOCEAN AI PTE.LTD. for a bank loan application not exceeding 50 million yuan [1][3]. Financial Data - As of June 30, 2025, the total assets of DATAOCEAN AI PTE.LTD. amounted to 39.5464 million yuan, with total liabilities of 38.9253 million yuan, resulting in a net asset of 621,000 yuan. The operating revenue for the first half of 2025 was 33.105 million yuan [1].

Group 1 - The core viewpoint of the forum is that the integration of data and AI serves as a dual engine driving innovation and growth in the intelligent era [1][2] - Current challenges in large model development include a "data wall" dilemma, where the contribution of unlabeled data to model performance is diminishing, leading to a need for a shift from expert-driven data science to quantitative and self-evolving stages [1] - A practical example shared indicates that filtering high-quality data from a vast dataset can significantly enhance model accuracy, with a reported 1.7% improvement in domain question-answering tasks by using only 20% of high-quality data from 10 billion tokens [1] Group 2 - Emphasis on data quality is crucial, with a focus on both human and machine experiences to enhance large model performance [2] - The global AI data industry is undergoing a significant transformation from labor-intensive to technology and knowledge-intensive models, showcasing how high-quality data can benefit various industries through real-world applications [2] - High-quality datasets should meet the VALID² criteria (vitality, authenticity, large sample size, completeness, diversity, high knowledge density), indicating a systematic reconstruction of methodologies, infrastructure, and industry ecology [2]

Market Overview - The U.S. stock market indices reached historical highs, with the Dow Jones surpassing 46,000 points and the Nasdaq exceeding 22,000 points, boosting global market sentiment [1] - A potential interest rate cut by the Federal Reserve is anticipated, with expectations of at least a 25 basis point reduction, possibly up to 50 basis points, which would enhance global liquidity [3] Sector Analysis - The Chinese government has issued opinions on accelerating the application of AI across various industries, leading to increased activity in sectors such as computing and chips [3] - The sports consumption policy aims for an industry scale exceeding 7 trillion yuan by 2030, positively impacting local life services [3] Capital Flow - There was a net inflow of over 10 billion yuan in main funds, with significant investments in technology sectors, particularly in leading companies like Industrial Fulian and Zhongji Xuchuang, which saw inflows exceeding 3 billion yuan [4] - Foreign capital has shown interest in A-shares, especially in core assets like Moutai and CATL, although real-time data on northbound capital flows may become less accessible due to changes in disclosure rules by the Hong Kong Stock Exchange [4] Market Sentiment - The market experienced a surge with over 4,200 stocks rising, particularly in technology stocks, with AI chip companies like Haiguang Information and Cambrian Technology hitting the daily limit [4] - Caution is advised as high-flying stocks may experience rapid declines, particularly in sectors like film and tourism [4] Investment Strategy - Long-term investments in technology and consumer sectors are recommended, with a focus on AI computing and data elements, as well as sports consumption and local life services [4] - Defensive positions in gold ETFs and bank stocks are suggested to hedge against market volatility [4]