Jiangsu Litong Electronics Co., Ltd. Announcement on Confirming the Fair Value Changes of Other Non-Current Financial Assets

Stock Code: 603629 Stock Short Name: Litong Electronics Announcement No.: 2026-018

Jiangsu Litong Electronics Co., Ltd.

Announcement on Confirming Changes in the Fair Value of Other Non-Current Financial Assets

The Board of Directors of this Company and all of its directors warrant that this announcement contains no false statements, misleading representations, or material omissions, and assume individual and joint liability for the truthfulness, accuracy, and completeness of the content of this announcement.

I. Overview of Other Non-Current Financial Assets

Previously, Anhui Fulede Technology Development Co., Ltd. (Stock Code: 301297, hereinafter referred to as “Fulede”) planned to acquire 100.00% of the equity interests of Jiangsu Fuhua Semiconductor Technology Co., Ltd. by issuing shares and convertible corporate bonds and to raise supporting funds.

On June 27, 2025, Fulede received the Reply on Approving the Registration of Anhui Fulede Technology Development Co., Ltd.’s Issuance of Shares and Convertible Corporate Bonds to Acquire Assets and the Registration for the Raising of Supporting Funds issued by the China Securities Regulatory Commission (“CSRC”) (CSRC Approval No. [2025] 1325). The CSRC approved the registration application for this transaction.

On July 23, 2025, Fulede released the Announcement of Implementation Status and Listing of Newly Issued Shares under the Issuance of Shares and Convertible Corporate Bonds to Acquire Assets and Raise Supporting Funds of Anhui Fulede Technology Development Co., Ltd. in Connection with an Related Party Transaction.

After the transaction was completed, Jiangsu Litong Electronics Co., Ltd. (hereinafter referred to as “the Company”) currently holds 3,215,897 shares issued by Fulede.

II. Impact of This Confirmation of Changes in the Fair Value of Other Non-Current Financial Assets on the Company

Pursuant to the Accounting Standards for Business Enterprises No. 22—Recognition and Measurement of Financial Instruments and the Company’s accounting policies, financial assets measured at fair value with changes recognized in profit or loss for the current period include trading financial assets, derivative financial assets, other non-current financial assets, etc., which are initially measured at fair value, with related transaction costs recognized in profit or loss for the current period. After subsequent measurement of this financial asset at fair value, changes in fair value are recognized in profit or loss for the current period.

Fulede’s share price fell from RMB 35.80 per share as of December 31, 2025 to RMB 32.95 per share as of March 31, 2026. Based on calculations, as of the closing of March 31, 2026, starting from the amount recognized as of December 31, 2025, the Company recognized a loss of RMB 9.1653 million from the fair value change of other non-current financial assets on March 31, 2026. This matter is expected to reduce the Company’s first-quarter profit of 2026 by RMB 9.1653 million.

III. Risk Warning

The confirmation of the changes in the fair value of other non-current financial assets is the preliminary calculation result of the Company’s finance department and has not been audited by an accounting firm. The final impact shall be subject to the auditing by the accounting firm.

Investors are kindly requested to pay attention to investment risks.

This announcement is hereby issued.

Board of Directors of Jiangsu Litong Electronics Co., Ltd.

April 1, 2026

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