Wuhan Jingce Electronic Group Co., Ltd. Board of Directors
Statement on the Completeness and Compliance of Legal Procedures for the Transaction and the Validity of Submitted Legal Documents
Wuhan Jingce Electronic Group Co., Ltd. (hereinafter referred to as the "Company") intends to acquire 41.17% equity in 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 "Company Law of the People's Republic of China," "Securities Law of the People's Republic of China," "Administrative Measures for Major Asset Reorganizations of Listed Companies," "Shenzhen Stock Exchange Listed Company Self-Regulatory Supervision Guidelines No. 8 - Major Asset Reorganizations," and other relevant laws and regulations, as well as the "Articles of Association of Wuhan Jingce Electronic Group Co., Ltd." (hereinafter referred to as the "Articles of Association"), the Company's Board of Directors hereby makes the following statement on the completeness and compliance of the legal procedures for the Transaction and the validity of the submitted legal documents:
I. Statement on the Completeness and Compliance of Legal Procedures for the Transaction
- The Company has established a strict and effective confidentiality system and has taken sufficient and necessary confidentiality measures for this Transaction. From the initial feasibility study of the Transaction plan, the scope of insiders privy to inside information has been strictly controlled, and insiders have been urged and reminded to strictly abide by the confidentiality system. They are prohibited from disclosing or leaking inside information before it is legally disclosed and from trading the Company's stock using inside information.