Guangdong Lingyi Intelligent Manufacturing Co., Ltd.
Announcement on Proposed Participation in the Restructuring Investment of Futong Group (Jiaxing) Communications Technology Co., Ltd.
The Company and the entire Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or material omissions.
Special Notice:
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Guangdong Lingyi Intelligent Manufacturing Co., Ltd. (hereinafter referred to as the "Company") intends to participate in the public recruitment of a restructuring investor for Futong Group (Jiaxing) Communications Technology Co., Ltd. (hereinafter referred to as "Futong Jiaxing") through its holding subsidiary. Whether it meets the qualification requirements and can ultimately become the restructuring investor is currently uncertain.
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If it ultimately becomes the restructuring investor, whether the restructuring plan (draft) of Futong Jiaxing can be approved by the creditors' meeting and ratified by the People's Court of Jiaxing County, Zhejiang Province, is currently uncertain.
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If Futong Jiaxing's restructuring plan requires the Company to undergo other approval procedures during the implementation phase, whether these approval procedures can be passed is currently uncertain.
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The restructuring method and completion time of this restructuring investment are currently uncertain.
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The optical communication industry in which Futong Jiaxing is located has a strong cyclical nature, influenced by factors such as industrial policies, customer demand, and production capacity. If the industry environment, market supply and demand, competitive landscape, raw material prices, etc., change significantly, it may lead to fluctuations in Futong Jiaxing's future operating performance.
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This proposed restructuring investment is in line with the Company's strategic development needs, but whether the Company can fully leverage the synergistic effects of the restructuring investment through business integration is uncertain.
The Company will fulfill its information disclosure obligations in a timely manner regarding the progress of the restructuring investment in accordance with relevant laws and regulations. Investors are advised to pay attention to investment risks.
The Company held the 26th meeting of the Sixth Board of Directors on July 10, 2026, and deliberated and approved the "Proposal on the Proposed Participation in the Restructuring Investment of Futong Group (Jiaxing) Communications Technology Co., Ltd.", agreeing that the Company will participate in the public recruitment of restructuring investors for Futong Jiaxing through its holding subsidiary. The relevant situation is hereby announced as follows:
I. Overview of the Restructuring Investment
On June 30, 2025, the People's Court of Jiaxing County, Zhejiang Province, accepted the restructuring application of Futong Jiaxing and appointed a administrator. On July 9, 2026, in order to maintain the operating value of the debtor's enterprise and efficiently allocate resources through market-oriented and legal means to maximize the interests of the vast majority of creditors, the administrator issued the "Announcement on Recruitment of Intended Investors for Futong Group (Jiaxing) Communications Technology Co., Ltd." (hereinafter referred to as the "Recruitment Announcement") to publicly recruit intended investors.
On July 10, 2026, the Company held the 26th meeting of the Sixth Board of Directors and deliberated and approved the "Proposal on the Proposed Participation in the Restructuring Investment of Futong Group (Jiaxing) Communications Technology Co., Ltd.". Based on the Company's business plan, the Company intends to participate in the restructuring investment of Futong Jiaxing through its holding subsidiary. The holding subsidiary plans to acquire control of the restructuring assets and businesses of Futong Jiaxing with a total restructuring investment cost not exceeding RMB 4 billion.