Wuhan Jingce Electronic Group Co., Ltd. Board of Directors
Explanation on the Fluctuation of the Company's Stock Price in the 20 Trading Days Before the First Announcement of This Transaction
Wuhan Jingce Electronic Group Co., Ltd. (hereinafter referred to as the "Company") intends to acquire a portion of the equity of Shanghai Jingce Semiconductor Technology Co., Ltd. (hereinafter referred to as the "Target Company") and raise supporting funds (hereinafter referred to as the "Transaction") through the issuance of shares, convertible corporate bonds, and payment of cash.