Announcement on Signing a Conditional Share Subscription Agreement with a Specific Target and Related Party Transaction

Securities Code: 002289

Securities Abbreviation: Yushun Electronics

Announcement No.: 2026-081

Shenzhen Yushun Electronics Co., Ltd.

Announcement on Signing a Conditional Share Subscription Agreement with a Specific Target and Related Party Transaction

The Company and the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed herein, and are free from any false representations, misleading statements, or material omissions.

Shenzhen Yushun Electronics Co., Ltd. (hereinafter referred to as the "Company") held the 44th meeting of the Sixth Board of Directors on July 13, 2026, and deliberated and passed the "Proposal on the Conditional Share Subscription Agreement with a Specific Target and Related Party Transaction." The relevant matters are hereby announced as follows:

I. Overview of Related Party Transactions

(I) Transaction Overview

The Company plans to issue no more than 84,076,119 A shares (inclusive, hereinafter referred to as the "Specific Target Issuance" or "This Issuance") to its controlling shareholder, Shanghai Fengwang Industrial Co., Ltd. (hereinafter referred to as "Shanghai Fengwang"). Shanghai Fengwang will subscribe for the shares issued to the specific target at an amount not exceeding RMB 1,500,000,000 (inclusive).

(II) Explanation of Related Party Relationship

As of the date of this announcement, Shanghai Fengwang holds 29.99% of the Company's shares and is the controlling shareholder of the Company. Shanghai Fengwang has signed a conditional share subscription agreement with the Company to subscribe for the shares issued to the specific target at an amount not exceeding RMB 1,500,000,000 (inclusive). Therefore, this issuance constitutes a related party transaction.

II. Basic Information of the Related Party

(I) Basic Information

The basic information of the related party is as follows:

Business Scope:

General items: Artificial intelligence innovation service platform; artificial intelligence public service platform technology consulting services; technology services, technology development, technology consulting, technology exchange, technology transfer, technology promotion; information consulting services (excluding licensed information consulting services); social and economic consulting services; financial consulting; enterprise management consulting; consulting and planning services; technology intermediary services; information technology consulting services; internet sales (excluding goods requiring licensing); domestic trade agency; import and export of goods; information system integration services; communication equipment sales; electronic product sales; software development; mechanical equipment research and development; 5G communication technology services; communication equipment sales; timber sales; precious metal product sales; rubber product sales; metal product sales; cultural and artistic exchange activities; non-ferrous metal alloy sales; arts and crafts and gift sales (excluding ivory and its products). (Projects subject to approval according to law shall be operated independently with the business license.)

Operating Period: 2010-02-05 to 2040-02-04

Registered Address: Room 533, Building 2, No. 301, Changdi Road, Zhuanghang Town, Fengxian District, Shanghai

Key Financial Data of the Related Party:

Note: The above data is on a standalone basis for Shanghai Fengwang. The financial statement data for January-March 2026 is unaudited, and the financial statements for 2025 are audited.

(II) Shareholding Structure

As of the date of this announcement, the shareholding structure of Shanghai Fengwang is as follows: