Wuhan Jingce Electronic Group Co., Ltd. Board of Directors
Statement on Compliance with Articles 11 and 14 of the "Administrative Measures for the Registration of Securities Issuance by Listed Companies" Regarding Prohibition of Issuing Shares to Specific Targets and Convertible Bonds
Wuhan Jingce Electronic Group Co., Ltd. (hereinafter referred to as the "Company") intends to acquire a 41.17% equity interest in Shanghai Jingce Semiconductor Technology Co., Ltd. (hereinafter referred to as the "Target Company") by issuing shares, convertible bonds, and paying cash, and to raise supporting funds (hereinafter referred to as the "Transaction").
After careful consideration, the Company's board of directors believes that the Company does not fall under the circumstances stipulated in Articles 11 and 14 of the "Administrative Measures for the Registration of Securities Issuance by Listed Companies" that prohibit issuing shares to specific targets or issuing convertible bonds to specific targets.