Kingwong Electronics: Controlling shareholder plans to reduce holding of 1% of company's shares.

Notice from Jingwang Electronics: The company's controlling shareholders Jing Hong Yongtai, Zhichuang Investment, the actual controller Liu Shaobai, and Huang Xiaofen plan to collectively reduce their holdings of the company's shares by 9.3495 million shares through centralized bidding and block trading from June 16, 2025, to September 15, 2025, accounting for 1% of the company's total share capital. As of July 4, 2025, Jing Hong Yongtai, Zhichuang Investment, Liu Shaobai, and Huang Xiaofen collectively hold 563 million shares of the company, accounting for 60.00% of the company's total share capital. The reduction plan has not yet been fully implemented, and in the next 12 months, the disclosure obligation person will continue to reduce their shares according to market conditions.