Jiejie Microelectronics ends share reduction plan, boosts subsidiary guarantees

Jiangsu Jiejie Microelectronics announced the early termination of its share reduction plan for several directors, senior management, and a former supervisor. The original plan, disclosed on September 5, 2025, involved reductions by individuals including Zhang Zulei, Li Chonglin, Yan Chengxiang, Shen Zhipeng, and Xu Yang. Zhang Zulei had reduced holdings by 147,600 shares, and Li Chonglin by 192,375 shares, while others had not yet reduced their holdings. The remaining unreduced shares under the plan will no longer be sold.

Concurrently, Jiejie Microelectronics provided significant guarantees for its wholly-owned subsidiaries, Jiejie Microelectronics (Nantong) Technology Co., Ltd. and Jiejie Semiconductor Co., Ltd. The company signed a "Maximum Guarantee Contract" with the Industrial and Commercial Bank of China Qidong Branch. Jiejie Microelectronics will provide a maximum principal guarantee of RMB 120,000,000 for Jiejie Microelectronics (Nantong) Technology and RMB 60,000,000 for Jiejie Semiconductor. These guarantees fall within the previously approved quota from the 2024 annual general meeting.

Following the new guarantees, the company's total actual used guarantee amount within its quota is RMB 404,429,000, representing 6.78% of its audited consolidated net assets as of 2024. The company maintains that its subsidiaries operate normally with sound financial management, and the guarantees do not pose significant risks.