Board of Directors' Explanation Regarding the Transaction Not Constituting a Related Party Transaction

Fibocom Wireless Inc.·June 29, 2026·1 page

✨ AI Summary

Shenzhen Inovance Technology Co., Ltd. will acquire a 37.16% stake in Shenzhen Honsheng Electronics Co., Ltd. for cash, gaining control via an acting-in-concert agreement. Upon completion, Honsheng Electronics will become a subsidiary. This transaction is confirmed not to be a related party transaction according to relevant laws and regulations.

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Shenzhen Inovance Technology Co., Ltd. Board of Directors

Explanation Regarding the Transaction Not Constituting a Related Party Transaction

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