Kenmao Electronics (Suzhou) Appoints New Chairman

Release Date: June 23, 2026 Statement Date: June 22, 2026 Statement Time: 16:39:09 Company Code: 2431 Company Name: Lianchang Subject: Announcement of Chairman Change at Key Subsidiary Kenmao Electronics (Suzhou) Co., Ltd. Applicable Clause: Clause 6 Event Date: June 22, 2026

Details: 1. Board Resolution or Change Date: June 22, 2026 2. Position (Chairman or General Manager): Chairman 3. Former Incumbent Name: Lian Zhao-zhi 4. Former Incumbent Background: Chairman of Kenmao Electronics (Suzhou) Co., Ltd. 5. New Appointee Name: Chen Heng-wei 6. New Appointee Background: Chairman of Lianchang Electronics 7. Nature of Change: New Appointment 8. Reason for Change: Reappointment by corporate shareholder Kenmao International (Pte) Ltd 9. Effective Date of New Appointment: June 22, 2026 10. Additional Notes: This significant information pertains to a publicly issued company-level entity and simultaneously qualifies as a material event under Article 7, Clause 6 of the Enforcement Rules of the Securities and Exchange Act, significantly affecting shareholder rights or securities prices; however, there are no further matters to disclose.