Chengbang Company: Promoting the issuance of stocks to specific objects through a simplified procedure.

Chengbang Group announced on May 27th that the company's stock has experienced a cumulative 20% deviation in closing prices for the consecutive three trading days on May 25th, May 26th, and May 27th, 2026. According to the relevant provisions of the "Trading Rules of the Shanghai Stock Exchange," this situation constitutes abnormal fluctuations in stock trading. The company disclosed relevant announcements such as the "Chengbang Smart Chip Technology Co., Ltd.'s 2026 Annual Plan for Issuing Shares to Specific Objects through Simplified Procedures" on May 19th, 2026. As of the disclosure date of this announcement, the company is progressing with the issuance of shares to specific objects through simplified procedures. The implementation of this issuance is subject to approval from the Shanghai Stock Exchange and registration approval from the China Securities Regulatory Commission. There is still uncertainty regarding whether it can be implemented and the specific implementation time.