China Securities Co., Ltd

About Shanghai Fudan Microelectronics Group Co., Ltd

2024 Annual Continuous Supervision and Follow-up Report

Name of sponsor: China Securities Co., Ltd. Name of listed company: Shanghai Fudan Microelectronics Group shares

Company Co., Ltd

Contact: 010-56051432

Name of Sponsor Representative: Zhao Fengbin Address: No. 16, Jinghui Street, Chaoyang District, Beijing

Building 1, 11th floor, Taikang Group Building

Contact: 010-56051820

Name of Sponsor Representative: Yu Honggang Address: No. 16, Jinghui Street, Chaoyang District, Beijing

Building 1, 11th floor, Taikang Group Building

With the approval of the China Securities Regulatory Commission (hereinafter referred to as the "China Securities Regulatory Commission") and the "Zheng Jian Xu Xu [2021] No. 1874 document", Shanghai Fudan Microelectronics Group Co., Ltd. (hereinafter referred to as the "Company" or "Fudan Microelectronics") publicly issued 12,000.00 RMB ordinary shares (A shares) to the public, and the issue price of the company's new shares was 6.23 yuan per share, and the total amount of funds raised was 747.60 million yuan, which was actually raised after deducting the issuance expenses

The net amount was $680,282,800. The public offering of shares was launched on the Shanghai Stock Exchange on August 4, 2021

Listed on the Science and Technology Innovation Board. China Securities Co., Ltd. (hereinafter referred to as "CSC Securities") acted as the sponsor of the public offering. In accordance with the Administrative Measures for the Sponsorship Business of Securities Issuance and Listing, China Securities will complete the continuous supervision work. In accordance with the Administrative Measures for the Sponsorship Business of Securities Issuance and Listing and the Self-Regulatory Guidelines for Listed Companies on the Shanghai Stock Exchange No. 11 - Continuous Supervision, China Securities has issued this annual report on continuous supervision.

1. Continue to supervise the work

Job Description: Continuous supervision

Establishing a sound and effective implementation of the continuous supervision system The sponsor has established a sound and effective implementation system

1 degree, and for the specific continuous supervision work to develop a continuous supervision system, and the development of the corresponding work

Corresponding work plan. Make a plan.

According to the relevant regulations of the China Securities Regulatory Commission, in the continuous supervision

Before the commencement of the pilot work, the sponsor has signed a "Continuous Supervision" with Fudan Microelectronics

2. The parties signed a continuous supervision agreement to clarify the guidance agreement between the two parties, which clarified that both parties were in charge

The rights and obligations during the period of continuous supervision, and the rights and obligations during the period of continuous supervision.

Filing on the stock exchange.

Job Description: Continuous supervision

The sponsor communicates on a day-to-day basis, regularly or indefinitely

3. Understand the operation of Fudan Microelectronics through daily communication, regular return visits, on-site inspections, and regular return visits

Conduct continuous supervision through due diligence and other means. situation, and carry out continuous supervision of Fudan Microelectronics

Make.

During the period of continuous supervision, the listing shall be carried out in accordance with the relevant regulations

If the company publicly makes a statement on violations of laws and regulations, Fudan Microelectronics will continue to supervise in 2024

4. It should be reported to the Shanghai Stock Exchange before disclosure, and there is no disclosure required by the sponsor in accordance with the relevant regulations

Violations of laws and regulations issued in designated media after being reviewed by the Shanghai Stock Exchange.

on the announcement.

During the period of continuous supervision, the listed company or the relevant parties

Where a person violates laws and regulations, violates commitments, or other matters,

It shall be five working days from the date of discovery or should have been discovered in 2024 during the period of continuous supervision

Report to the Shanghai Stock Exchange within 5 days, and there is no violation of laws and regulations or breach of commitments in the report

It includes violations by listed companies or relevant parties.

The specific circumstances of legal violations, breach of commitments, etc.,

supervisory measures taken by the sponsor, etc.

Supervise listed companies and their directors, supervisors and senior officers During the period of continuous supervision, the sponsor supervises Fudan

The management personnel shall comply with laws, regulations, and departmental rules and regulations of Micropower and its directors, supervisors, and senior managers

6. The business rules issued by the Shanghai Stock Exchange and the compliance of employees

other normative documents, and earnestly implement the business rules issued by the Shanghai Stock Exchange and

out of the commitments. Other normative documents, earnestly perform what they do

out of the commitments.

During the period of continuous supervision, the sponsor is kept aware

The corporate governance of Fudan Microelectronics has been consulted

Articles of Association and various rules and regulations

Supervise listed companies to establish, improve and effectively implement relevant meeting materials such as the three public meetings, and target Fudan

7. Governance system, including but not limited to shareholders' meetings, directors, supervisors and senior management of Microelectronics

The rules of procedure of the board of directors and the board of supervisors, as well as the directors, have carried out special training on corporate governance and passed the current training

Code of conduct for supervisors and senior management, etc. Field supervision, meetings, email communication, etc.,

Learn about the corporate governance of Fudan Microelectronics

and urge listed companies to continue to strictly enforce

Corporate governance-related systems.

Supervise the establishment and effective implementation of listed companies

Control system, including but not limited to the financial management system and the sponsor's internal control system over Fudan Microelectronics

The accounting system and the internal audit system, as well as the design, implementation and effectiveness of the system, were verified.

8. The use of raised funds, related party transactions, external guarantees, and the internal control system of Fudan Microelectronics comply with relevant laws

The requirements for foreign investment, derivatives trading, and subsidiaries have been effectively implemented and can be guaranteed

Procedures and rules for controlling major business decisions certify the company's standardized operation.

Wait.

Supervise the company to establish, improve and effectively implement the information disclosure The sponsor urges Fudan Microelectronics to strictly implement the letter

9 Disclosure system, review information disclosure documents and other related information disclosure systems, review information disclosure documents and

and there are good reasons to believe that the listed company has submitted other relevant documents.

The documents submitted by the Shanghai Stock Exchange are not false

Job Description: Continuous supervision

False Statements, Misleading Statements, or Material Omissions.

Information disclosure documents for listed companies and to China

Others submitted by the China Securities Regulatory Commission and the Shanghai Stock Exchange

The document is reviewed in advance, and the letter is problematic

The information disclosure documents should be supervised by the listed company in a timely manner

Corrections or supplements shall not be made by listed companies

If the sponsor is charged, it shall promptly report to the Shanghai Stock Exchange the information disclosure document of Fudan Microelectronics

10 Notices. pieces were reviewed, and the absence should be timely upward

The information disclosure documents of the listed company are not reported by the stock exchange.

If it is reviewed beforehand, it should be disclosed in the listed company

Disclosure obligations within five trading days after the completion of the relevant to

The review of the document is a review of the information in question

The disclosed documents should be promptly urged to be corrected or supplemented by the listed company

If the listed company does not correct or supplement, it shall

Report to the Shanghai Stock Exchange in a timely manner.

Pay attention to the listed company or its controlling shareholder and actual control

Producers, directors, supervisors, and senior managers are subject to the 2024 year, Fudan Microelectronics and its largest company

11 Administrative Penalty of China Securities Regulatory Commission, Shanghai Stock Exchange Shareholder, Second Largest Shareholder, Director, Supervisor,

The senior management of the Shanghai Stock Exchange who was disciplined or removed by the Shanghai Stock Exchange did not have such matters.

with a letter of regulatory concern and urging its improvement

Internal control system, take measures to rectify it.

Continue to pay attention to listed companies and controlling shareholders, and the actual situation

The performance of the commitments of the controllers and others, the listed company in 2024, Fudan Microelectronics and its largest company

12. There is no unfulfilled undertaking by the controlling shareholder, actual controller, etc., and the second largest shareholder

In the case of promises, the situation shall be reported to the Shanghai Stock Exchange in a timely manner.

Tell.

Pay attention to the public media's reports on listed companies,

Conduct timely verification of market rumors. Verified

Later, it was found that the listed company had an undisclosed 2024 year that should be disclosed, and after verification by the sponsor, Fudan Micro

13. If there is no information in a material event or the information disclosed is inconsistent with the facts, it shall be traded with Shanghai Securities in a timely manner

shall promptly urge the listed company to truthfully disclose or report the situation.

to clarify; Listed companies do not disclose or clarify

shall be reported to the Shanghai Stock Exchange in a timely manner.

If any of the following circumstances is found, the sponsor shall supervise it

The listed company makes an explanation and corrects it within a time limit, at the same time

Report to the Shanghai Stock Exchange: (1) Listed on the stock exchange

The company is suspected of violating the "Listing Rules" and other Shanghai Securities in 2024, Fudan Microelectronics has not been related

14. Relevant business rules of the Exchange; (2) Securities services.

Professional opinions issued by institutions and their signatories are acceptable

There can be false records, misleading statements or material statements

Omissions and other violations of laws and regulations or other improper circumstances

Shape; (3) Listed companies appear in the "Sponsorship Measures"

Job Description: Continuous supervision

the circumstances provided for in Articles 71 and 72;

(4) The listed company does not cooperate with the sponsor's continuous supervision

guide work; (5) Shanghai Stock Exchange or sponsor

Other circumstances that are deemed necessary to be reported.

Formulate an on-site inspection plan for listed companies

plan, clarify the on-site inspection work requirements, and ensure that the current is present

field to check the quality of work. Listed companies appear as follows

In any of the circumstances, it should be known or should have been known

Within 15 days from the date or as required by the Shanghai Stock Exchange

During the time limit, special on-site activities will be carried out on listed companies

Inspection: (1) There is a suspicion of major financial fraud

15 doubts; In 2024, Fudan Microelectronics will not be needed

(2) The controlling shareholder, the actual controller and the circumstances of their special on-site inspection.

Lianren is suspected of misappropriation of funds; (3) Possibly

Guarantees for material violations; (4) Controlling shareholder, entity

international controllers and their affiliates, directors, supervisors or

The senior management is suspected of embezzling the profits of the listed company

Benefit; (5) The existence of capital transactions or cash flows

Significant anomalies; (6) Shanghai Stock Exchange

other circumstances.

16. Continue to pay attention to the fulfillment of commitments made by listed companies. In 2024, Fudan Microelectronics has no outstanding performance

line commitments.

2. Problems found by the sponsor and the sponsor representative and their rectification

During the period of continuous supervision, the sponsor and the sponsor representative did not find any major problems with Fudan Microelectronics.

3. Major risk matters

During the period of continuous supervision, the Company's key risk issues are as follows:

(1) Macro environmental risks

In recent years, the uncertainty of the international trade environment has increased, anti-globalization tradeism has further spread, and some countries have adopted trade protection policies and repeatedly adopted long-arm jurisdiction measures, which have had an impact on China's integrated circuit industry. If there are major adverse changes in the international trade environment, further escalation of trade frictions between countries and regions, and continuous rise of global trade protectionism, it may have an adverse impact on the production and operation of upstream and downstream companies in the integrated circuit industry chain, including the company, resulting in an increase in the upstream and downstream transaction costs of the industrial chain or affecting the security of the company's supply chain, thereby adversely affecting the company's operation.

(2) Industry risks

In 2024, due to changes in chip supply and demand, industry competition will intensify, which will challenge the company's gross profit margin. Although the company's product line covers industrial-grade products, consumer, high reliability and other application scenarios, and has a strong ability to resist fluctuations, if there is an industry growth slowdown or a sustained recession, it may still have an adverse impact on the company's performance.

(3) New product development and technology iteration risks

The integrated circuit design industry in which the company is located is a typical technology-intensive industry, with fast technology upgrading and product iteration, while chip products have high technical barriers and obvious advantages of first-mover enterprises. If the company misjudges the market demand or the R&D progress is slow in the subsequent R&D process, it will face the risk of being seized market share by competitors. In addition, the R&D of high-end chips has the characteristics of long development cycle, large capital investment, and high R&D risk, and it is likely that there is a risk of R&D failure and lag behind the new generation of technology due to the failure of some key technologies to break through or the failure of product performance, parameters, and yield to meet market needs.

(4) Risks in attracting talent and maintaining innovation capabilities

At present, the domestic chip design industry is developing rapidly, and the competition between enterprises for R&D talents is very fierce. If the company cannot formulate a good talent incentive policy, or human resource management can not meet the needs of rapid development, it will face the risk of losing core talents, and may also fall into the situation of difficulty in attracting outstanding talents to join, resulting in the company's inability to maintain continuous innovation capabilities.

(5) The risk of decline in product sales price and gross profit margin

Internationally, compared with the leading enterprises in the same industry, there is a gap between the company's products in the richness of product layout, the advancement of technical indicators such as process and performance, and the leading degree of business scale or market share. In China, the integrated circuit design industry has received increasing attention from society, market and capital, and the competitors faced by the company's various product lines are gradually increasing, and the competition is intensifying.

In recent years, the supply and demand relationship of some chip products has changed, and the overall gross profit margin of the industry has been significantly impacted; At the same time, the company's existing highly reliable mature products are affected by factors such as market competition and low gross profit margin in newly expanded areas, and its gross profit margin level has also been lowered to a certain extent.

If in the future, due to the progress of technology, the rise in labor and raw material prices and the decline in the bargaining power of the company's products, and the company cannot take effective measures to consolidate and enhance the competitiveness of products, the company's comprehensive gross profit margin will also face the risk of continuous decline, which will cause the company to be in a disadvantageous position in the fierce market competition and reduce sustainable profitability.

(6) Risk of inventory decline

The company's inventory is mainly chips and wafers, and the company has invested large resources to ensure the security of the supply chain. At the end of the reporting period, the book value of the company's inventory was about 3134.4569 million yuan, accounting for 48.36% of the total current assets at the end of the corresponding period. Every year, the company makes a corresponding provision for price decline based on the amount of net realizable value of inventory that is lower than the cost. At the end of the reporting period, the balance of the company's inventory decline provision was about 432.2238 million yuan, and the proportion of inventory decline provision was 12.12%. If the market accelerates in the future, or if the product replacement is accelerated due to technological iteration, the risk of inventory decline may increase, which will adversely affect the company's operating results.

(7) Financial risks related to R&D investment

The company attaches great importance to the independent research and development of core technologies, and the R&D investment during the reporting period was about 1.142 billion yuan, accounting for 31.80% of the operating income during the reporting period, and the R&D investment intensity was relatively high. If the intangible assets formed by development expenditure are amortized, or the development expenditure is written off and the intangible assets are impaired, it may have a greater impact on the company's profit.

(8) The risk of policy changes such as government subsidies and tax incentives

The company's integrated circuit design and integrated circuit testing related business is encouraged and supported by the national industrial policy. The company has strong scientific research strength, and has obtained more subsidies for scientific research projects during the reporting period, which can make up for the company's R&D investment to a certain extent. As a high-tech enterprise and integrated circuit design enterprise, the company enjoys preferential tax policy support. If the national incentive policy changes, it may cause the risk of fluctuation in the company's profitability.

(9) The risk of recovery of accounts receivable and notes receivable

At the end of 2024, the company's accounts receivable book balance was about 1561.1894 million yuan, and the book balance of notes receivable was about 1561.1894 million yuan

The amount is about 305,965,800 yuan. The total book balance of accounts receivable and notes receivable accounted for 52.01% of operating income. If there are adverse changes in the macroeconomic situation, industry development prospects and other factors in the future, and the customer's operating conditions are in significant difficulties, the company may face the risk of unrecoverable accounts receivable and notes receivable and increase the loss of bad debts.

(10) Other risks

Chip design is a technology-intensive industry, and the final chip product is highly complex. Therefore, even if the company has taken strict intellectual property protection measures and quality control measures, it still cannot completely eliminate legal risks such as intellectual property disputes, technology licensing risks (EDA design tools, IP core licensing, etc.), and disputes caused by product quality defects.

4. Major violations

During the period of continuous supervision, Fudan Microelectronics did not have any major violations.

5. Reasons and reasonableness of changes in major financial indicators

In 2024, the company's key financial data are as follows:

Unit: 10,000 yuan

Key Accounting Data January-December 2024 January-December 2023 This period increased over the same period last year

Less (%)

Operating income 359,022.38 353,625.94 1.53

Shares attributable to listed companies 57,259.51 71,949.44 -20.42

East's net profit

Attributable to shares of listed companies

East deduction non-recurring 46,415.11 57,249.22 -18.92

Net profit from profit or loss

73,246.56 -70,816.66 arising from business activities is not applicable

Net gold flow

Key Accounting Data End of December 2024 End of December 2023 The end of the current period compared to the end of the previous year

Increase/decrease (%)

Shares attributable to listed companies 589,408.50 530,297.62 11.15

East's net worth

Total assets 904,111.28 841,135.09 7.49

The company's main financial indicators are shown in the following table:

Key Financial Indicators January-December 2024 January-December 2023 The current period increased over the same period last year

Less (%)

Basic earnings per share (RMB/0.70 0.88 -20.45.)

shares)

Diluted earnings per share (RMB/0.70 0.87 -19.54.)

shares)

Deduction of non-recurring gains and losses

Basic earnings per share after 0.57 0.70 -18.57

(RMB/Share)

Weighted average net assets decreased by 4.41 percentage points to 10.27 14.68

Profit rate (%) points

Excluding non-recurring gains and losses, it decreased by 3.35 percentage points

The weighted average net assets were 8.33 to 11.68 points

Yield (%)

R&D investment accounted for 31.80 33.64 percent of operating revenue, a decrease of 1.84 percentage points

Percentage of points (%) points

In 2024, the issuer's operating income increased by 1.53% over the same period of the previous year, and it was net attributable to shareholders of the listed company

Profit and non-net profit attributable to shareholders of listed companies decreased by 20.42% and 18.92% respectively from the same period last year.

In 2024, the issuer's net profit attributable to shareholders of listed companies and the net profit attributable to shareholders of listed companies deducted from listed companies decreased, mainly due to: (1) the fierce market competition faced by the company's various product lines, the company actively expanded new products and new markets, and adjusted the sales prices of some products in a timely manner according to the market situation to consolidate or expand market share, and the sales volume and operating income increased. At the same time, the comprehensive gross profit margin of products decreased by 5.26 percentage points from the previous year due to the price of some product lines, and the gross profit decreased by about 155.9686 million yuan. (2) In 2024, due to the increase in the balance of accounts receivable from highly reliable customers, the total provision for credit impairment losses increased by about 32.0457 million yuan compared with the previous year; Due to the decrease in the net realizable value of some products in the inventory due to market changes, the total provision for asset impairment losses increased by approximately RMB35.2486 million over the previous year.

As of December 31, 2024, the company's total assets were about 9.041 billion yuan, a year-on-year increase of 7.49%; return

The net assets attributable to shareholders of listed companies were about 5.894 billion yuan, a year-on-year increase of 11.15%.

Sixth, the changes in core competitiveness

The company's core competitiveness is mainly reflected in the following aspects:

(1) Multi-level product research and development system, deep technology accumulation, the formation of a rich product line

The company continues to focus on integrated circuit design and R&D, and has established a multi-level R&D system from technology pre-research, product design, engineering implementation and application development, and has accumulated rich industry experience and key product technologies. After more than 20 years of development, the company has formed a rich product line, including security and identification chips, non-volatile memory, smart meter chips, FPGAs and other products, integrated circuit testing services, etc.; The products are widely used in finance, social security, urban public transportation, electronic licenses, mobile payment, anti-counterfeiting traceability, smart phones, security monitoring, industrial control, signal processing, intelligent computing and many other fields.

In the above-mentioned R&D system, the company designs and updates the products required for daily operation, lays out the future trend of the market in advance, and makes corresponding technical reserves for the iteration and expansion of future products. The multi-level R&D mechanism operates effectively to ensure the company's continued competitiveness in the future market. The company attaches great importance to R&D investment in products and technologies. During the reporting period, the company's R&D investment was about 1.142 billion yuan, accounting for 31.80% of operating income, which was at a high level.

(2) Perfect talent training mechanism and incentive mechanism, forming a R&D team with a deep professional background

Integrated circuit design is a technology-intensive industry, and the company attaches great importance to the construction of talent echelon. At present, it has R&D teams for product and system definition, digital and analog circuit design and verification, testing and engineering implementation, system solutions, etc., forming a diversified and multi-level R&D talent echelon.

Most of the core employees of the company's business division team, quality management team and marketing and sales team of each product line graduated from well-known colleges and universities at home and abroad, and have solid reserves and rich experience in professional skills, product research and development, market development and other aspects. The company has formed a solid and complementary talent team from top to bottom, covering operations, management, R&D, sales, quality control and other aspects, ensuring the effectiveness of the company's management, decision-making and execution.

(3) Perfect quality management system

The company attaches great importance to the quality control of products from R&D to delivery, and has established a perfect quality control system. The company has passed ISO9001, QC080000, ISO14001 and ISO45001 management system certifications, and participated in the formulation of a number of national standards and industry standards. After years of market verification, the company's products have been recognized by many well-known manufacturers at home and abroad, and the market share of many products ranks in the forefront of the industry.

(4) Business development model that takes into account localization and internationalization

While continuing to promote the rapid development of domestic business, the company aims to build a platform with international competitiveness and actively layout the international market. The company is an "A+H" listed company, with international information disclosure channels and rich experience in international investor communication. In addition, the company has also set up subsidiaries and branches in the United States, Singapore, Hong Kong, Taiwan and other countries and regions to strengthen the linkage with international industry giants, gain an in-depth understanding of the development of cutting-edge technologies in the industry, and cultivate and enhance the company's international market influence and brand awareness.

(5) In-depth supply chain collaboration model

The outsourced suppliers selected by the company are mainly world-renowned companies and leading domestic listed companies, with advanced technology level and sufficient production capacity reserves. As a large-scale integrated circuit design enterprise, the company has diversified products, a wide range of applications, strong anti-cyclical fluctuation ability, and can continue to generate demand for tape-out, packaging, testing, etc., which effectively ensures the operation efficiency and operating benefits of upstream and downstream enterprises, and enhances the company's position in the industrial chain.

(6) Have a good brand image and market reputation

Over the past 20 years, the company has been continuously innovating and developing, entering new application fields, and has won many honors in the industry through rich products, stable and reliable quality, and commercial quality of integrity and mutual benefit, and has won many scientific and technological progress awards issued by the Shanghai Municipal People's Government.

7. Changes in R&D expenditure and R&D progress

In order to ensure that the company can continue to carry out technological innovation, maintain the technological leadership level of products and services, and maintain the company's market competitive advantage, the company continues to invest in research and development. In 2024, the company will invest in R&D

1141.6637 million yuan, a decrease of 4.03% from 2023, and the proportion of R&D investment in operating income will reach 31.80%,

This is a decrease of 1.84 percentage points compared with the proportion in 2023, as follows:

Project FY2024 FY2023 Magnitude of change (%)

Expensed R&D investment (10,000 yuan) 90,923.66 93,873.64 -3.14

Capitalized R&D investment (10,000 yuan) 23,242.71 25,084.97 -7.34

Total R&D investment (10,000 yuan) 114,166.37 118,958.61 -4.03

Total R&D investment as a percentage of operating income (%) 31.80 33.64 decreased by 1.84 percentage points

Proportion of capitalized R&D investment (%) 20.36 21.09 decreased by 0.73 percentage points

8. Whether the progress of the new business is consistent with the information disclosed in the previous period

Not applicable.

9. The use of the raised funds and whether they are compliant

As of December 31, 2024, the balance of the raised funds was RMB19,281,145.66, of which the balance of the special account for raising funds was RMB19,281,145.66, and there were no cash-managed wealth management products. The use and balance of the proceeds are as follows:

Unit: Yuan

As of December 31, 2023, the balance of funds raised (including cash management 42,676,826.42

wealth management products)

Less: Amount of expenditure on fundraising and investment projects -

Less: Permanent replenishment of liquidity 24,000,000.00

Add: The cumulative income of cash management wealth management products raised by funds is 430,500.00

Add: Accumulated interest income minus handling fee amount 173,819.24

As of December 31, 2024, the balance of raised funds (including cash management 19,281,145.66

wealth management products)

The deposit and use of the company's raised funds in 2024 are in line with the "Securities Issuance and Listing Sponsorship Business Management Office".

Law", "Regulatory Guidelines for Listed Companies No. 2 - Regulatory Requirements for the Management and Use of Funds Raised by Listed Companies", "Rules for the Listing of Stocks on the Science and Technology Innovation Board of the Shanghai Stock Exchange" and other laws, regulations and institutional documents have carried out special account storage and special use of the raised funds, and timely fulfilled the obligation of relevant information disclosure, the specific use of the raised funds is consistent with the company's disclosure, there is no disguised change in the use of raised funds and damage to the interests of shareholders, and there is no illegal use of raised funds.

10. Shareholdings, pledges, freezing and shareholding reductions of controlling shareholders, actual controllers, directors, supervisors and senior management personnel

The company does not have a controlling shareholder or actual controller. As of December 31, 2024, the company is the largest

The direct shareholdings of shareholders, the second largest shareholder, and the current directors, supervisors and senior management are as follows:

Name/Name Category Number of Direct Shares Held at the Beginning Number of Direct Shares Held at the End of the Period

Volume (10,000 shares) (10,000 shares)

Shanghai Fudan Fukong Technology Co., Ltd. The largest shareholder 10,962.00 10,962.00

Property Holdings Limited

Shanghai Fuxin Van Gogh Integration Second largest shareholder 10,673.00 10,673.00

Circuit Technologies Ltd

Jiang Guoxing, Chairman and Executive Director 721.00 721.00

affair

Shi Lei Executive Director, General Manager 721.00 721.00

reason

Yu Jun Executive Director and Vice President 52.2546 52.2546

manger

Diao Linshan Deputy General Manager 10.00(H shares) 10.00(H shares)

As of December 31, 2024, the company's largest shareholder, second largest shareholder, and current directors and supervisors

There is no pledge, freezing or reduction of the shares held by the senior management personnel.

11. Other matters on which the Shanghai Stock Exchange or the sponsor deems it necessary to express its opinions

As of the date of issuance of this continuous supervision and follow-up report, there are no other matters that the sponsor believes should be expressed.

(No text below)

(There is no text on this page, it is the signature page of the "China Securities Co., Ltd. on the 2024 Continuous Supervision and Tracking Report of Shanghai Fudan Microelectronics Group Co., Ltd.")

Sponsor Representative:

Zhao Fengbin Yu Honggang

China Securities Co., Ltd

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