Crystal Clear: Application for the issuance of shares, payment of cash to purchase assets, and raising of supporting funds has been accepted by the Shanghai Stock Exchange.

On June 22, Jingfeng Mingyuan announced that the company plans to acquire 100% equity of Sichuan Yichong Technology Co., Ltd. through the issuance of shares and payment of cash, while simultaneously raising supporting funds. On June 20, 2025, the company received a notice from the Shanghai Stock Exchange accepting the application for issuing shares to purchase assets and raise supporting funds for Shanghai Jingfeng Mingyuan Semiconductor Co., Ltd. The implementation of this transaction is subject to the fulfillment of multiple conditions, including but not limited to approval from the Shanghai Stock Exchange and registration approval from the China Securities Regulatory Commission.