Announcement Regarding Freezing and Successive Freezing of Shares Held by Controlling Shareholder and Its Concerted Parties

Suzhou Chunxing Precision Technology Co., Ltd.

Announcement Regarding Freezing and Successive Freezing of Shares Held by Controlling Shareholder and Its Concerted Parties

The Company and the Board of Directors guarantee the content of the information disclosure is true, accurate, and complete, without any false records, misleading statements, or major omissions.

Risk Warning:

1. As of the disclosure date of this announcement, Mr. Sun Jiewei, the controlling shareholder of Suzhou Chunxing Precision Technology Co., Ltd. (hereinafter referred to as "the Company" or "Chunxing Precision"), holds 288,024,992 shares of the Company, accounting for 25.53% of the total share capital. He has pledged 288,024,992 shares, accounting for 100% of his holdings and 25.53% of the total share capital. He has had 288,024,992 shares judicially frozen (including judicial re-freezing), accounting for 100% of his holdings and 25.53% of the total share capital. He has had shares successively frozen 3 times: specifically, 288,024,992 shares were successively frozen by the Intermediate People's Court of Beijing No. 2, accounting for 100% of his holdings and 25.53% of the total share capital; 288,024,992 shares were successively frozen by the Intermediate People's Court of Shanghai No. 2, accounting for 100% of his holdings and 25.53% of the total share capital; and 288,024,992 shares were successively frozen by the Intermediate People's Court of Suzhou, Jiangsu Province, accounting for 100% of his holdings and 25.53% of the total share capital.

2. As of the disclosure date of this announcement, Ms. Yuan Jing, the Chairperson of the Company, holds 31,000,003 shares of the Company, accounting for 2.75% of the total share capital. She has pledged 31,000,000 shares, accounting for 100% of her holdings and 2.75% of the total share capital. She has had 31,000,002 shares judicially frozen (including judicial re-freezing), accounting for 100% of her holdings and 2.75% of the total share capital.

3. Mr. Sun Jiewei, the controlling shareholder, and his concerted party, Ms. Yuan Jing, together hold 319,024,995 shares of the Company, accounting for 28.28% of the total share capital. Among these, 319,024,992 shares are pledged, accounting for 100.00% of their holdings and 28.28% of the total share capital. 319,024,994 shares are judicially frozen, accounting for 100.00% of their holdings and 28.28% of the total share capital.

4. As of now, all shares held by Mr. Sun Jiewei and his concerted party, Ms. Yuan Jing, are in a state of pledge/judicial freeze/successive freeze. If the judicial freezing and successive freezing of their holdings are not properly resolved, it may lead to risks such as compulsory transfer of ownership or judicial auction, potentially affecting the stability of the company's control. The Company will continue to monitor the progress of the above matters and fulfill its information disclosure obligations in a timely manner. Investors are advised to pay attention to investment risks.

I. Basic Information on Share Freezing