Anhui Blue Shield Optoelectronics Co., Ltd. Board of Directors' Explanation on Compliance with Articles 11, 43, and 44 of the Measures for the Administration of Major Asset Reorganizations of Listed Companies

Anhui Blue Shield Optoelectronics Co., Ltd. Board of Directors' Explanation on Compliance with Articles 11, 43, and 44 of the Measures for the Administration of Major Asset Reorganizations of Listed Companies

Anhui Blue Shield Optoelectronics Co., Ltd. (hereinafter referred to as the "Company") intends to acquire the controlling stake in Suzhou Lancheng Technology Co., Ltd. (hereinafter referred to as "Lancheng Technology" or the "Target Company") held by Zheng Yanfei and six other parties through the issuance of shares and payment of cash. Concurrently, the Company plans to issue shares to no more than 35 specific investors to raise supporting funds (hereinafter referred to as the "Transaction").

The Board of Directors of the Company hereby explains whether the Transaction complies with Articles 11, 43, and 44 of the Measures for the Administration of Major Asset Reorganizations of Listed Companies (hereinafter referred to as the "Reorganization Measures") as follows:

I. The Transaction Complies with Article 11 of the Reorganization Measures