Shengyi Electronics responds to the inquiry letter regarding the issuance of shares to specific objects; the matter still requires review by the Shanghai Stock Exchange and registration with the China Securities Regulatory Commission.

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Shengyi Electronics Co., Ltd. (Stock Code: 688183, Stock Abbreviation: Shengyi Electronics) announced on March 21 that it has completed its response to the inquiry letter regarding the review of its application documents for issuing stocks to specific targets in 2025, and has updated the relevant application documents.

The announcement shows that Shengyi Electronics received an inquiry letter from the Shanghai Stock Exchange on February 26, 2026, titled “Inquiry Letter Regarding the Application Documents for Issuing Stocks to Specific Targets by Shengyi Electronics Co., Ltd.” (Shanghai Stock Exchange Tech Review [2026] No. 22). After receiving the inquiry letter, the company, together with relevant intermediary institutions, carefully studied and addressed the issues, and disclosed the “Response Report to the Inquiry Letter Regarding the Application Documents for Issuing Stocks to Specific Targets by Shengyi Electronics Co., Ltd. for 2025” and related announcement documents on the Shanghai Stock Exchange website on March 21.

In addition, the company held the thirty-sixth meeting of the third board of directors on March 12, 2026, where it approved the proposal “Regarding the Adjustment of the Plan for Issuing A-shares to Specific Targets in 2025” and other related proposals. Based on the adjusted issuance plan, the company, together with intermediary institutions, updated some content of the fundraising prospectus and other application documents, which were also disclosed on the Shanghai Stock Exchange website on March 21.

The company stated that this matter of issuing A-shares to specific targets for the year 2025 still requires approval from the Shanghai Stock Exchange and a decision from the China Securities Regulatory Commission for registration before it can be implemented. There remains uncertainty regarding whether it will pass the review and obtain the registration decision, as well as the timing of these events. The company will fulfill its information disclosure obligations in a timely manner according to the progress of the matter, and we remind all investors to pay attention to investment risks.

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Editor: Xiao Lang Kuaibao