Espressif Systems: Application for issuing shares to specific targets approved by Shanghai Stock Exchange

Espressif Technology announcement: On July 28, 2025, the company received the Shanghai Stock Exchange's "Opinions on the Exchange Review of Espressif Information Technology Co., Ltd.'s Issuance of shares to Specific Entities". The Shanghai Stock Exchange's opinion is as follows: "Espressif Information Technology Co., Ltd.'s application to issue shares to specific entities meets the issuance conditions, listing conditions, and information disclosure requirements. We will submit the application documents to the China Securities Regulatory Commission upon receiving them from your company." The issuance of shares to specific entities by the company is still subject to approval and registration by the China Securities Regulatory Commission before it can be implemented. The final decision and timeline for obtaining approval and registration from the China Securities Regulatory Commission are still uncertain.