300666SZSE

Announcement Regarding the Passive Dilution of the Controlling Shareholder, Actual Controller, and Their Persons Acting in Concert by 1% Due to the Company's Issuance of Shares to Specific Targets

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Ningbo Jiangfeng Electronic Materials Co., Ltd. announced that the shareholding ratio of its controlling shareholder, actual controller, and their persons acting in concert was passively diluted by over 1% due to a private placement of 10,650,400 shares. The total share capital increased from 265,320,683 to 275,971,083 shares. This change does not involve a change in control or the number of shares held by the parties, and it does not affect the company's governance or operations.

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Stock Code: 300666 Stock Abbreviation: Jiangfeng Electronics Announcement No.: 2026-062

Ningbo Jiangfeng Electronic Materials Co., Ltd.

Announcement Regarding the Passive Dilution of the Controlling Shareholder, Actual Controller, and Their Persons Acting in Concert by 1% Due to the Company's Issuance of Shares to Specific Targets

The company's controlling shareholder and actual controller, Mr. Yao Lijun, and his persons acting in concert, Ningbo Jiangge Industrial Investment Partnership (Limited Partnership) and Ningbo Hongde Industrial Investment Partnership (Limited Partnership), guarantee that the information provided to the company is true, accurate, and complete, with no false records, misleading statements, or major omissions.

The company and all members of the Board of Directors guarantee that the content of this announcement is consistent with the information provided by the information disclosure obligors.

Special Notice:

  1. This change in equity is primarily due to the increase in the company's total share capital resulting from the issuance of shares to specific targets by Ningbo Jiangfeng Electronic Materials Co., Ltd. (hereinafter referred to as the "Company"). The combined shareholding ratio of the company's controlling shareholder and actual controller, Mr. Yao Lijun, and his persons acting in concert, Ningbo Jiangge Industrial Investment Partnership (Limited Partnership) (hereinafter "Ningbo Jiangge") and Ningbo Hongde Industrial Investment Partnership (Limited Partnership) (hereinafter "Ningbo Hongde"), was passively diluted from 24.57% to 23.62%. After deducting the shares in the company's dedicated repurchase securities account, the combined shareholding ratio was passively diluted from 24.66% to 23.71%, reaching the 1% integer threshold.

  2. The nature of this equity change is a passive dilution of the shareholding ratio. It does not involve a change in the number of shares held, does not involve a tender offer, will not lead to a change in the company's controlling shareholder or actual controller, and will not affect the company's governance structure or continuous operation.

I. Basic Situation of This Equity Change

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