Xinlian Electronics: User-side System Integration Platform Fundraising Project Delayed to End of 2028

Xinlian Electronics announced that the company has reviewed and approved the proposal to re-demonstrate and extend the fundraising investment project. On the premise that the implementing entity, implementation method, and use of raised funds remain unchanged, the date on which the user-side system integration platform project is expected to reach usable status has been extended from December 26, 2026 to December 31, 2028. This matter does not need to be submitted to the shareholders' meeting for review. As of September 30, 2026, the project was planned to invest RMB 156 million of raised funds, with cumulative investment of RMB 27.9234 million, representing an investment progress of 17.90%. The main reason for the extension is that the platform is a new product and needs to improve its technical functions in light of market demand, while the market cultivation and large-scale promotion cycle is longer than expected. After re-demonstration, the project remains necessary and feasible, and the expected returns have not been materially affected.