Vifon Electronics: Implementation of the reduction plan by the controlling shareholder and the concerted action parties completed

Weifeng Electronics announced that the company's controlling shareholder, actual controller, and chairman, Li Wenhua, and the acting person in concert, Ms. Luo Shaochun, and Kangnai (Shenzhen) Industrial Investment Partnership Enterprise's reduction plan starting from May 18 has been completed. Ms. Luo Shaochun reduced her holdings by 1,583,405 shares through centralized bidding, a reduction rate of 0.9937%; Kangnai reduced its holdings by 3,185,600 shares through block trading, a reduction rate of 1.9992%, for a total of 4,769,005 shares, accounting for 2.9929% of the total share capital. This reduction will not lead to a change in the company's control, will not affect the company's operations, and is in compliance with relevant regulations.