Crystal Technology: Plans to establish a 150 million ringgit joint venture company, with the participation of the chairman in the investment.

Jingfang Technology announced that in order to respond to industry restructuring, the company is advancing its internationalization strategy. In May 2023, an overseas headquarters platform will be established in Singapore, and in June 2024, WaferTek will be established in Malaysia. As of now, the land and factory purchased by WaferTek has been completed, and it has entered the construction phase. It is now proposed to optimize the planned investment amount of the jointly established WaferWise to 150 million ringgit, with the equity structure being 50% held by Malaysian industrial and government background investors, 8% held by the core team of WaferWise, 19.9% held by Jingfang Technology, and 22.1% held by the company's chairman and general manager, Wang Wei. This matter constitutes a related party transaction and does not constitute a major asset restructuring.