Shenzhen Yu Shun Electronics Co., Ltd. Acquisition Report

Shenzhen Yu Shun Electronics Co., Ltd.

Acquisition Report

Listed Company Name: Shenzhen Yu Shun Electronics Co., Ltd.

Stock Exchange: Shenzhen Stock Exchange

Stock Abbreviation: Yu Shun Electronics

Stock Code: 002289

Acquirer Name: Shanghai Fengwang Industrial Co., Ltd.

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

Correspondence Address: No. 12 Gansu Road, Jing'an District, Shanghai

Signing Date: July 2026

Acquirer Declaration

1. This report is prepared by the acquirer in accordance with the Company Law of the People's Republic of China, the Securities Law of the People's Republic of China, the Administrative Measures for the Takeover of Listed Companies, and the Contents and Formats of Information Disclosure by Companies Offering Securities to the Public No. 16 — Acquisition Report of Listed Companies, and other relevant laws, regulations, and departmental rules.

2. In accordance with the Company Law of the People's Republic of China, the Securities Law of the People's Republic of China, the Administrative Measures for the Takeover of Listed Companies, and the Contents and Formats of Information Disclosure by Companies Offering Securities to the Public No. 16 — Acquisition Report of Listed Companies, this report has fully disclosed the shares in Yu Shun Electronics in which the acquirer holds an interest.

As of the signing date of this report, except for the shareholding information disclosed herein, the acquirer has not increased or decreased its interest in the shares of Yu Shun Electronics through any other means.

1. The acquirer has obtained the necessary authorization and approval to sign this report, and its performance does not violate or conflict with any terms of the acquirer's articles of association or internal rules.

2. Based on the issuance volume of the 2026 private placement of shares by Shenzhen Yu Shun Electronics Co., Ltd., Shanghai Fengwang's subscription for these shares will trigger a mandatory tender offer obligation. Pursuant to Article 63 of the Administrative Measures for the Takeover of Listed Companies, investors may be exempted from the tender offer obligation under certain circumstances, including: "(3) Upon approval by the non-associated shareholders at the listed company's general meeting, an investor acquires new shares issued by the listed company, resulting in the investor's interest in the company exceeding 30% of the issued shares, provided the investor commits not to transfer the newly issued shares within 3 years and the general meeting agrees to exempt the investor from the tender offer obligation."

3. The acquirer, Shanghai Fengwang, has committed not to transfer the shares acquired in this issuance for 36 months from the completion date of the issuance. Upon approval by the non-associated shareholders at the general meeting, the acquirer may be exempted from the tender offer obligation. The company's board of directors has submitted a proposal to the general meeting to approve the exemption of Shanghai Fengwang from the tender offer obligation.

4. This acquisition is conducted based on the information contained in this report. Except for the acquirer and the professional institutions it has engaged, no other person has been entrusted or authorized to provide information not contained in this report or to make any explanation or statement regarding this report.

5. The acquirer warrants that this report does not contain any false records, misleading statements, or major omissions, and assumes individual and joint legal liability for its authenticity, accuracy, and completeness.

6. Approvals required prior to the implementation of this acquisition include, but are not limited to:

7. Approval of the private placement by the listed company's general meeting;

8. Approval of the exemption of the acquirer from the tender offer obligation by the non-associated shareholders at the listed company's general meeting;

9. Approval of the private placement by the Shenzhen Stock Exchange and the registration approval from the China Securities Regulatory Commission.