Core Viewpoint - The company announced that two executives plan to reduce their shareholdings in the company through centralized bidding within three months after a 15 trading day period from the announcement date [1] Group 1: Executive Share Reduction - Vice President Li Feng plans to reduce his holdings by up to 213,300 shares, representing 0.02% of the company's total share capital [1] - Secretary of the Board Zhou Siyuan plans to reduce his holdings by up to 125,000 shares, representing 0.01% of the company's total share capital [1]

Core Viewpoint - HSBC forecasts a 3.8% year-on-year growth in A-share earnings for Q1 2025, led by the materials (+40.3%) and information technology (+24.7%) sectors, with a continued outperformance of growth style over the market [1][2] Investment Themes Artificial Intelligence (AI) - The penetration rate of AI is rising, with 68% of A-share companies mentioning "AI" in their 2024 annual reports, up from 43% in the first half of 2024 [3] - Market expectations indicate accelerated profit growth in the AI value chain for 2025, with infrastructure companies expected to grow faster than technology enablers and applicators [3] Globalization - Recent breakthroughs in US-China trade negotiations serve as a catalyst for globalization-themed stocks [4] - In 2024, overseas revenue accounted for 11.7% of total revenue for CSI 300 constituents, an increase of 1.4 percentage points year-on-year, with the information technology sector having the highest overseas revenue share at 31.4% [4] Cyclical Recovery - Cyclical industries are expected to see profit improvements, with overall earnings projected to grow by 18.8% in Q1 2025, compared to a decline of 17.9% in Q3 2024 [5] - Factors contributing to structural opportunities in cyclical industries include steady policy rollout, structural recovery in the real estate market, and attractive valuations [5] Recommended Stocks - Based on the three investment themes and bottom-up research, HSBC recommends the following 10 stocks with buy ratings: - AI Theme: Xiaomi Group-W (01810), Deepin Technology (300454.SZ), Zhangqu Technology (300315.SZ) [6] - Globalization Theme: HAPO (02142), Luxshare Precision (002475.SZ), Anker Innovations (300866.SZ), Giant Star Technology (002444.SZ) [6] - Cyclical Recovery Theme: Suzhou Bank (002966.SZ), Proya Cosmetics (603605.SH), SF Holding (002352.SZ) [6]

Core Points - The company, Hangzhou GreatStar Industrial Co., Ltd., was approved by the China Securities Regulatory Commission to issue 63.5 million shares of common stock to the public on June 30, 2010, and subsequently issued 11,812,700 Global Depositary Receipts (GDRs) representing 59,063,500 A-shares, which were listed on the Swiss Stock Exchange on November 15, 2022 [3][4]. Group 1: Company Overview - The registered capital of the company is RMB 1,194,478,182 [3]. - The company is a permanent stock corporation located at 35 Jiuhuan Road, Shangcheng District, Hangzhou [3]. - The company's operational purpose is to provide first-class products and services through technological innovation and scientific management, ensuring the legal rights of all shareholders and satisfactory investment returns [4][5]. Group 2: Share Structure - The total number of shares issued by the company is 1,194,478,182, with ordinary shares as the primary type [8]. - The company’s shares are issued in the form of stocks, with a par value of RMB 1 per share [7]. - The major shareholders include GreatStar Holdings Group Co., Ltd. with 64.34% of shares, and other individuals holding varying percentages [7][8]. Group 3: Share Issuance and Transfer - The issuance of shares follows principles of openness, fairness, and justice, ensuring equal rights for all shares of the same type [7]. - The company can increase its capital through various methods, including public offerings and converting reserves into share capital [9]. - Shares must be transferred in accordance with the law, and the company does not accept its shares as collateral [11][12]. Group 4: Shareholder Rights and Responsibilities - Shareholders have rights to dividends, participate in shareholder meetings, and supervise company operations [15][16]. - Shareholders are obligated to comply with laws and regulations, pay for their subscribed shares, and not misuse their rights to harm the company or other shareholders [19][20]. - The company’s articles of association serve as a legally binding document governing the rights and obligations of the company, shareholders, directors, and senior management [4][11]. Group 5: Governance Structure - The company’s governance includes a board of directors responsible for major decisions, including the election of directors and approval of financial reports [21][22]. - The shareholders' meeting is the highest authority of the company, with powers to approve significant corporate actions such as mergers and changes to the articles of association [21][22]. - The company must hold an annual shareholders' meeting within six months after the end of the fiscal year [24].

Core Viewpoint - The company, Hangzhou Juxing Technology Co., Ltd., has proposed amendments to its corporate governance structure, including the abolition of the supervisory board and revisions to various internal rules, which will be submitted for shareholder approval [1][2][3] Group 1: Board Meeting Details - The sixth board meeting was held on May 20, 2025, with all nine directors present, confirming compliance with relevant laws and regulations [1] - The meeting was chaired by Chairman Qiu Jianping, and all resolutions were passed unanimously by written vote [1] Group 2: Proposed Amendments - The company plans to abolish the supervisory board, transferring its powers to the audit committee of the board, and will revise the relevant articles in the company’s articles of association [1] - The company has also proposed amendments to the rules governing shareholder meetings, which will also require shareholder approval [2] - Additionally, the company will revise the rules governing board meetings and the independent director work system, both of which will be submitted for shareholder approval [2][3]

Core Viewpoint - The announcement details the supplementary notice regarding the 2024 annual general meeting of shareholders for Hangzhou Juxing Technology Co., Ltd., including the addition of temporary proposals by the controlling shareholder, Juxing Holding Group Co., Ltd. [1][2] Meeting Details - The annual general meeting is scheduled for June 3, 2025, at 14:00, with network voting available on the same day [2][3] - Shareholders can participate either through on-site voting or online voting via the Shenzhen Stock Exchange systems [2][3] Voting Procedures - Shareholders must choose either on-site or online voting, with the first valid vote being counted in case of duplicate voting [3][8] - All ordinary shareholders registered by the end of the registration date are entitled to attend and vote [3][4] Proposals for Review - The meeting will review several proposals, including the reappointment of Tianjian Accounting Firm as the auditor for the 2025 fiscal year [5][11] - Voting results will be separately counted for minority shareholders, defined as those not holding more than 5% of the company's shares [5] Registration Process - Natural person shareholders must present identification and securities account cards for registration, while corporate shareholders need additional documentation [6][7] - Distant shareholders can register via mail or fax but must present original documents at the meeting [7] Online Voting Instructions - Shareholders can vote online through the Shenzhen Stock Exchange's internet voting system, with detailed procedures provided in the attachments [9][10]

General Principles - The rules aim to standardize the decision-making process of the board of directors of Hangzhou Juxing Technology Co., Ltd. to enhance operational efficiency and scientific decision-making [1][2] - The board of directors is the decision-making body of the company, responsible to the shareholders' meeting and reporting on its work [1][2] Composition and Powers of the Board - The board consists of nine directors, including one employee representative and three independent directors, with a chairman and a vice-chairman [2][3] - Directors are elected for a term of three years, with the possibility of re-election [2][3] - The board has the authority to convene shareholders' meetings, execute resolutions, decide on business plans, and manage significant corporate actions such as mergers and acquisitions [2][3][4] Decision-Making Authority - The board's authority includes approving external investments, asset sales, and financial guarantees, with specific limits based on the company's audited net assets [4][5] - The chairman of the board has the power to convene meetings and oversee the execution of board resolutions [5][6] Board Meetings - The board must hold at least two regular meetings annually, with provisions for special meetings upon request from shareholders or directors [7][8] - Meeting notifications must be sent in advance, detailing the agenda and other relevant information [9][10] Voting and Resolutions - Decisions require a majority vote from attending directors, with specific rules for related party transactions and conflicts of interest [11][12] - The board must maintain records of meetings, including attendance, discussions, and voting outcomes [16][17] Committees - The board may establish specialized committees, such as audit and remuneration committees, to assist in governance [12][13] - Each committee must have a majority of independent directors and is responsible for specific oversight functions [12][13] Documentation and Compliance - The board secretary is responsible for maintaining meeting records and ensuring compliance with disclosure requirements [16][17] - The rules are subject to national laws and regulations, ensuring alignment with broader governance standards [19][20]

杭州巨星科技股份有限公司 章 程 二○二五年五月 | | | | 目 录······························································································1 | | | --- | --- | | 第一章 总 则·····················································································2 | | | 第二章 经营宗旨和范围·······································································3 | | | 第三章 股 份·····················································································4 | | | 第一节 ·································································· ...

杭州巨星科技股份有限公司 董事会议事规则 杭州巨星科技股份有限公司 董事会议事规则 第一章 总 则 第一条 为了进一步规范杭州巨星科技股份有限公司（以下简称"公司"） 董事会的议事方式和决策程序，促使董事和董事会有效地履行其职责，提高董事 会规范运作和科学决策水平，根据《中华人民共和国公司法》《中华人民共和国 证券法》《上市公司治理准则》《深圳证券交易所上市公司自律监管指引第 1 号— —主板上市公司规范运作》《深圳证券交易所股票上市规则》等法律、法规、规 范性文件和《杭州巨星科技股份有限公司章程》（以下简称"《公司章程》"）的有 关规定，制订本规则。 第二条 董事会是公司的决策机构，董事会根据股东会和《公司章程》的授 权，决定公司的重大事项，对股东会负责并报告工作。 第三条 董事会下设董事会办公室，处理董事会日常事务。 董事会秘书兼任董事会办公室负责人，保管董事会和董事会办公室印章。 第二章 董事会组成及职权 第四条 董事会由九名董事组成，其中由职工代表担任的董事一人，独立董 事三人，设董事长一人，副董事长一人。董事会中的职工代表由公司职工通过职 工代表大会、职工大会或者其他形式民主选举产生，无需提交股东会 ...

杭州巨星科技股份有限公司 股东会议事规则 杭州巨星科技股份有限公司 股东会议事规则 第一章 总则 第一条 为了维护杭州巨星科技股份有限公司（以下简称"公司"）和全体 股东的合法权益，明确股东会的职责和权限，规范公司行为，保证股东会依法行 使职权，根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人 民共和国证券法》、《深圳证券交易所股票上市规则》等法律、法规、规范性文件 及《杭州巨星科技股份有限公司章程》（以下简称"公司章程"）的有关规定，制 定本规则。 第二条 公司股东会的召集、提案、通知、召开等事项适用本规则。 第三条 公司应当严格按照法律、行政法规、本规则及公司章程的相关规定 召开股东会，保证股东能够依法行使权利。 公司董事会应当切实履行职责，认真、按时组织股东会。公司全体董事应当 勤勉尽责，确保股东会正常召开和依法行使职权。 第四条 股东会应当在《公司法》和公司章程规定的范围内行使职权。 第五条 股东会分为年度股东会和临时股东会。年度股东会每年召开一次， 应当于上一会计年度结束后的六个月内举行。临时股东会不定期召开，出现《公 司法》第一百一十三条规定的应当召开临时股东会的情形时，临时股东会 ...

巨星科技独立董事工作制度 杭州巨星科技股份有限公司 独立董事工作制度 第一章 总则 第一条 为进一步完善杭州巨星科技股份有限公司（以下简称"公司"）的 治理结构，切实保护中小股东及利益相关者的利益，促进公司的规范运作，根据 中国证券监督管理委员会（以下简称"中国证监会"）颁布的《上市公司独立董 事管理办法》、《上市公司治理准则》、《深圳证券交易所上市公司自律监管指 引第 1 号——主板上市公司规范运作》等相关规定，并结合公司实际，制定本制 度。 第二条 独立董事是指不在公司担任除董事外的其他职务，并与公司及公 司主要股东、实际控制人不存在直接或者间接利害关系，或者其他可能影响其进 行独立客观判断关系的董事。 独立董事应当独立履行职责，不受公司及公司主要股东、实际控制人等单位 或者个人的影响。 第三条 独立董事对公司及全体股东负有忠实与勤勉义务，应当按照法律、 行政法规、中国证监会规定、深圳证券交易所（以下简称"深交所"）业务规则 和《公司章程》的规定，认真履行职责，在董事会中发挥参与决策、监督制衡、 专业咨询作用，维护公司整体利益，保护中小股东合法权益。 第四条 公司独立董事占董事会成员的比例不得低于三分之一 ...