[Kuanxi Electronics] Announces Board Resolution to Issue Private Placement of Common Shares

Kuanxi Electronics' board of directors has resolved to issue a private placement of up to 20 million common shares. The placement will be executed in up to four tranches within one year following shareholder approval. The offering is strictly targeted at strategic investors who can bring experience, technology, or brand value to enhance the company's operational performance. The funds raised will be used to enrich working capital, repay loans, and improve the financial structure.