Chao-Ying Electronics Announces Board Approval for H-Share Listing on Hong Kong Stock Exchange

1. Board Resolution Date: July 6, 2026 2. Source of Capital Increase: Funds raised through the issuance of H-shares listed on the Main Board of The Stock Exchange of Hong Kong Limited 3. Is the issuance of new shares under a blanket offering? (If yes, specify the intended issuance period; if no): Not applicable 4. Total issuance amount and number of shares (excluding employee allocation for surplus or reserve capitalization): The number of H-shares issued shall not exceed 15% of the total issued shares after issuance (before exercise of over-allotment option) 5. Amount and number of shares issued in this round under blanket offering: Not applicable 6. Remaining amount and number of shares under blanket offering after this issuance: Not applicable 7. Par value per share: RMB 1 8. Issue price: Not applicable 9. Number of shares subscribed by employees or allocated amount: Not applicable 10. Number of publicly offered shares: Not applicable 11. Subscription ratio or free allocation ratio for existing shareholders: Not applicable 12. Handling of fractional shares and unclaimed shares: Not applicable 13. Rights and obligations of the newly issued shares: Same rights and obligations as existing shares 14. Use of proceeds from capital increase: Capacity construction and upgrade, strengthening R&D and technical equipment, supplementing working capital, and general corporate purposes 15. Rationality and necessity of fundraising after cash reduction (applicable if cash reduction was conducted in the current or previous year): Not applicable 16. Other matters to be disclosed: None