CETC subsidiary added to U.S. Entity List

CETC Energy Joint-Stock (SSE:600877) announced today that its subsidiary, Chongqing Southwestern Integrated Circuit Design Co., Ltd. ("Southwestern Design"), has been placed on the U.S. Department of Commerce's Entity List, effective March 26, 2025. Southwestern Design specializes in the design of silicon-based radio frequency and analog integrated circuits and modules, primarily for 5G/6G cellular communications, satellite internet, and other applications. CETC asserts that Southwestern Design adheres to all applicable laws and regulations and operates with fairness and cooperation. Being added to the Entity List requires suppliers to obtain export licenses from the U.S. Department of Commerce for EAR-controlled items. CETC stated that Southwestern Design's operations and finances are currently stable and that the listing is not expected to have a significant material impact on the subsidiary's business. The company will continue to monitor the situation and engage with relevant parties. CETC also urges investors to exercise caution and refer to official announcements on the Shanghai Stock Exchange website and in the *Securities Daily* for accurate information.