New Asia Electronics: Intends to invest no more than 200 million yuan to establish a subsidiary in Hainan.

New Asia Electronics announcement: The company plans to set up a wholly-owned subsidiary in Hainan, tentatively named New Asia Electronics Co., Ltd., with a proposed investment amount not exceeding 200 million RMB. Director Zhao Junda will be dispatched to manage the subsidiary. The company held its 3rd Board of Directors' 10th meeting on January 14, 2026, and approved the "Proposal for Establishing a Subsidiary in Hainan for External Investment". According to the rules of the Shanghai Stock Exchange and the Company's Articles of Association, this external investment does not require approval from the company's shareholders' meeting. This external investment does not constitute a related party transaction and does not constitute a major asset restructuring.