Garden Electronics: Issuing shares to purchase assets and raising funds to apply for listing on the Shanghai Stock Exchange.

Gailun Electronics announced that the company plans to issue shares and pay cash to acquire 100% of the equity of Chengdu Ruicheng Xinwei Technology Co., Ltd. and 45.64% of the equity of Nane Microelectronics Co., Ltd., and to raise matching funds. This transaction constitutes a significant related reorganization. The company received a notice from the Shanghai Stock Exchange on a certain date in 2025, and the application documents were accepted for review in accordance with the law. This transaction also requires approval from the Shanghai Stock Exchange, registration with the China Securities Regulatory Commission, and the final results and timing are uncertain.