Wuhan Jingce Electronic Group Co., Ltd. Board of Directors
Explanation of Confidentiality Measures and System for the Proposed Transaction
Wuhan Jingce Electronic Group Co., Ltd. (hereinafter referred to as the "Company") proposes to acquire 41.17% of the equity of Shanghai Jingce Semiconductor Technology Co., Ltd. (hereinafter referred to as the "Target Company") by issuing shares, convertible corporate bonds, and paying cash, and to raise supporting funds (hereinafter referred to as the "Transaction").
In accordance with the "Administrative Measures for Major Asset Restructuring of Listed Companies," "Supervision Guidelines No. 5 for Listed Companies—Registration System for Insiders of Listed Companies' Inside Information," and the "Articles of Association," and other relevant laws, regulations, and normative documents, the Company has adopted necessary and sufficient confidentiality measures and established a strict and effective confidentiality system for this Transaction. The specific details are as follows: