Announcement on Early Redemption of "Jiemei Convertibles" and Upcoming Trading Suspension

Securities Code: 002859

Bond Code: 128137

Securities Abbreviation: Jiemei Technology

Bond Abbreviation: Jiemei Convertible

Announcement Number: 2026-062

Zhejiang Jiemei Electronics Co., Ltd.

Important Announcement Regarding the Implementation of Early Redemption of "Jiemei Convertibles" and Upcoming Trading Suspension

The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and that there are no false records, misleading statements, or major omissions.

Key Information Summary:

1. Last Trading Day: June 16, 2026

June 16, 2026, is the last trading day for "Jiemei Convertibles." On this day, "Jiemei Convertibles" will be abbreviated as "Z Me Convertible." After the market closes on June 16, 2026, "Jiemei Convertibles" will be suspended from trading.

1. Last Conversion Day: June 22, 2026

June 22, 2026, is the last conversion day for "Jiemei Convertibles." Investors holding "Jiemei Convertibles" can still convert them before the market closes on this day. After the market closes on June 22, 2026, unconverted "Jiemei Convertibles" will cease to be convertible.

1. As of June 15, 2026, there is only 1 trading day left until "Jiemei Convertibles" trading is suspended, and 4 trading days left until "Jiemei Convertibles" trading is suspended and redeemed. The Company specifically reminds holders of "Jiemei Convertibles" to carefully read this announcement, fully understand the relevant risks, pay attention to the last conversion date, and make prudent investment decisions.

Special Reminder:

1. Bond Redemption Date: June 23, 2026

2. Bond Redemption Price: 101.266 yuan/bond (including interest and tax)

3. Bond Redemption Funds Arrival Date: June 30, 2026

4. Bond Trading Suspension Date: June 17, 2026

5. Bond Conversion Suspension Date: June 23, 2026

6. Convertible Bond Redemption Condition Met Date: May 29, 2026

7. Convertible Bond Redemption Registration Date: June 22, 2026

8. Issuer's Redemption Funds Arrival Date (to China Securities Depository and Clearing Corporation account): June 26, 2026

9. Redemption Category: Full Redemption

10. Last Trading Day Abbreviation for Convertible Bonds: Z Me Convertible

11. According to the arrangement, all "Jiemei Convertibles" that have not been converted by the close of market on June 22, 2026, will be mandatorily redeemed. Upon completion of this redemption, "Jiemei Convertibles" will be delisted from the Shenzhen Stock Exchange. Holders are reminded to convert their bonds within the specified period. For "Jiemei Convertibles" that are pledged or frozen, it is recommended to release the pledge or freeze before the conversion suspension date to avoid redemption due to inability to convert.

12. Risk Warning: Given the significant difference between the current secondary market price of "Jiemei Convertibles" and the redemption price, holders are reminded to convert their bonds within the specified period. If investors fail to convert their bonds in a timely manner, they may face losses. Investors are kindly requested to be aware of the risks.

Zhejiang Jiemei Electronics Co., Ltd. (hereinafter referred to as the "Company") held the sixth meeting of the fifth Board of Directors on May 29, 2026, and deliberated and approved the "Proposal on Early Redemption of 'Jiemei Convertibles'." Considering the current market conditions and the Company's own situation, after comprehensive consideration, the Board of Directors has decided, in accordance with relevant regulations such as the "Shenzhen Stock Exchange Listed Company Self-Regulatory Supervision Guidelines No. 15 - Convertible Corporate Bonds" and the conditional redemption clauses in the "Prospectus for Public Issuance of Convertible Corporate Bonds by Zhejiang Jiemei Electronics Co., Ltd." (hereinafter referred to as the "Prospectus"), to exercise the early redemption right for "Jiemei Convertibles." The management and relevant departments have been authorized to handle all related matters for the subsequent redemption of "Jiemei Convertibles." The relevant matters are hereby announced as follows: