Wuhan Jingce subsidiary boosts capital, adjusts ownership for semiconductor growth

Wuhan Jingce Electronic Group announced a capital increase and share expansion for its wholly-owned subsidiary, Wuhan Jinghong Electronic Technology Co., Ltd. Wuhan Jinghong's registered capital will increase by 50 million yuan to 100 million yuan. Wuhan Jingce will contribute 40 million yuan, while Wuhan Jinghe Investment Consulting Partnership and Mr. Liu Ronghua will each contribute 5 million yuan. Post-transaction, Wuhan Jingce's direct ownership in Wuhan Jinghong will rise from 70% to 75%, maintaining Wuhan Jinghong as a consolidated entity.

Simultaneously, Wuhan Jingce is transferring 50 million yuan of its registered capital in Shanghai Jingce Semiconductor Technology Co., Ltd. (equivalent to 2.4124% equity) for 91,671,235.00 yuan to an employee stock ownership platform and individual employees Li Zhongyu and ZHANG XU. This transfer adjusts Wuhan Jingce's ownership in Shanghai Jingce from 61.2460% to 58.8336%. Both transactions aim to optimize equity structure, enhance incentives, and attract talent to support long-term development in the semiconductor sector. These transactions, including related party dealings, were approved by the board and supervisory board, with relevant parties recusing themselves from voting.