Jiangbalong: Subsidiary Yuanming Semiconductor plans to increase capital and expand shares to implement equity incentives.

Jiang Baolong announced that its subsidiary Yuanmingxinwei plans to implement equity incentives through capital increase and expansion. The incentive targets include core management personnel and employees who will directly or indirectly hold their equity. The pre-investment valuation of Yuanmingxinwei is 105 million yuan, with an additional registered capital of 86 million yuan. The incentive targets will subscribe for 85.8 million yuan, collectively holding 30% of the equity. Deputy General Manager Ma Qingrong will subscribe for an additional 14.3 million yuan, holding 5% of the shares after the capital increase. The reserved incentive share corresponds to a registered capital of 28.028 million yuan, currently registered under the name of director Wang Jingyang. This transaction constitutes a related party transaction and does not affect the company's control over Yuanmingxinwei.