Announcement on the Progress of Major Asset Restructuring

Fibocom Wireless Inc.·June 22, 2026·2 pages

✨ AI Summary

Shenzhen GTcom Wireless Co., Ltd. is progressing with its major asset restructuring, aiming to acquire control of Shenzhen Auto-Electronics Co., Ltd. through a cash purchase. The transaction is expected to constitute a major asset restructuring. While actively advancing negotiations, audits, and due diligence, formal agreements have not yet been signed, indicating ongoing uncertainty. Investors are advised to monitor further announcements and be aware of investment risks.

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Full Translation

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Stock Code: 300638 Stock Abbreviation: GTcom Announcement No.: 2026-029

Shenzhen GTcom Wireless Co., Ltd. Announcement on the Progress of Major Asset Restructuring

The Company and all members of the Board of Directors guarantee that the information disclosed in this report is true, accurate, and complete, and contains no false records, misleading statements, or material omissions.

Special Notes:

Shenzhen GTcom Wireless Co., Ltd. (hereinafter referred to as the "Company") disclosed the "Notice of Intent to Plan Major Asset Restructuring" (Announcement No.: 2026-004) on March 24, 2026, which explained the relevant matters involved in this transaction.
The work related to this transaction is actively progressing, and the parties to the transaction have not yet signed formal agreements. This transaction still faces significant uncertainty. The Company will fulfill its information disclosure obligations in stages according to the progress of relevant matters. Investors are kindly requested to pay attention to the Company's subsequent announcements and be aware of investment risks.

I. Overview of the Transaction

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