Jiangsu Hengtong Optoelectronics Co., Ltd. Announcement on the Release of Pledged Shares by the Actual Controller and the Pledge of Shares by the Controlling Shareholder

Stock Code: 600487 Stock Abbreviation: Hengtong Optic-Electric Announcement No.: 2026-018

Jiangsu Hengtong Optic-Electric Co., Ltd.

Regarding the Release of Partial Pledge of Shares by the Actual Controller and the Pledge of Shares by the Controlling Shareholder

Announcement

The board of directors and all directors of the company guarantee that there are no false records, misleading statements, or major omissions in the content of this announcement, and bear individual and joint responsibility for the authenticity, accuracy, and completeness of its content.

Key Content Reminder:

● Jiangsu Hengtong Optic-Electric Co., Ltd. (hereinafter referred to as “the Company”) has a controlling shareholder, Hengtong Group Co., Ltd. (hereinafter referred to as “Hengtong Group”), which holds 593,765,498 shares of the Company, accounting for 24.07% of the total share capital of the Company; as of the date of this announcement, Hengtong Group has pledged a total of 363,150,000 shares (including this time), accounting for 61.16% of its holdings and 14.72% of the Company’s total share capital.

● The actual controller of the Company, Mr. Cui Genliang, holds 95,294,433 shares of the Company, accounting for 3.86% of the total share capital of the Company; as of the date of this announcement, Mr. Cui Genliang has pledged a total of 15,000,000 shares (including this time), accounting for 15.74% of his holdings and 0.61% of the Company’s total share capital.

I. Situation of Share Release

On March 27, 2026, the Company received a notice from Mr. Cui Genliang regarding the release of part of his pledged shares, with the specific situation as follows:

(1) Basic Situation of this Share Release

On March 26, 2026, Mr. Cui Genliang completed the release of the pledge for 20 million unrestricted tradable shares pledged to Huaxia Bank Co., Ltd. Suzhou Wuzhong Branch. The procedures for the release of this pledge were completed on March 27, 2026. The specific situation of this share release is as follows:

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Note: The released shares will not be used for subsequent pledges.

(2) Cumulative Pledged Shares of Shareholders

After this release, the cumulative pledged shares of the Company’s controlling shareholder Hengtong Group, actual controller Mr. Cui Genliang, and Mr. Cui Wei (as they are acting in concert) are as follows:

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Note: The total share capital is calculated based on the latest data, and discrepancies in the total and the sum of individual values are due to rounding.

II. Situation of Share Pledge

On March 27, 2026, the Company received a notice from Hengtong Group regarding the pledge of part of its shares, with the specific situation as follows:

(1) Basic Situation of this Share Pledge

On March 26, 2026, Hengtong Group pledged 20 million unrestricted tradable shares of the Company to Huaxia Bank Co., Ltd. Suzhou Branch. The procedures for this share pledge registration were completed on March 27, 2026. The specific situation of this share pledge is as follows:

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Note: The maturity date of the secured main debt related to this pledge is March 24, 2031, and the pledge expiration date is subject to actual processing.

The pledged shares are not used as guarantees for major asset restructuring performance compensation or other guarantee purposes.

(2) Cumulative Pledged Shares of Shareholders

After this pledge, the cumulative pledged shares of the Company’s controlling shareholder Hengtong Group, actual controller Mr. Cui Genliang, and Mr. Cui Wei (as they are acting in concert) are as follows:

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Note: The total share capital is calculated based on the latest data, and discrepancies in the total and the sum of individual values are due to rounding.

III. Explanation of the Pledge Situation of the Controlling Shareholder and Its Acting in Concert Persons

1. As of the date of this announcement, 16.15 million shares pledged by the Company’s controlling shareholder Hengtong Group will mature within the next six months, accounting for 2.72% of its total shares held and 0.65% of the Company’s total share capital, with a corresponding financing balance of 24 million yuan. An additional 53 million shares pledged will mature within the next year (excluding the shares maturing within six months), accounting for 8.93% of its total shares held and 2.15% of the Company’s total share capital, with a corresponding financing balance of 101.18 million yuan.

There are no pledged shares held by the Company’s actual controller Mr. Cui Genliang that will mature within the next year.

The Company’s controlling shareholder Hengtong Group and its acting in concert person Mr. Cui Genliang have the ability to repay funds, with sources of repayment for Hengtong Group including but not limited to operational income and investment dividends, while Mr. Cui Genliang’s sources of repayment include but are not limited to investment income and share dividends.

2. There are no instances of non-operational fund occupation, illegal guarantees, or related party transactions by the Company’s controlling shareholder Hengtong Group and its acting in concert person Mr. Cui Genliang that may harm the Company’s interests.

3. Impact of the Pledge on the Listed Company

The Company’s controlling shareholder Hengtong Group and its acting in concert person Mr. Cui Genliang have sufficient risk control capabilities, and the share pledge will not affect the Company’s main business, financing credit, financing costs, or its ability to continue operations, nor will it affect the stability of the Company’s control, shareholding structure, or daily management.

In the event of liquidation risks, the Company’s controlling shareholder Hengtong Group and its acting in concert person Mr. Cui Genliang will take measures such as additional pledging and early repurchase of pledged shares to mitigate risks.

This announcement is hereby made.

Jiangsu Hengtong Optic-Electric Co., Ltd.

Board of Directors

March 28, 2026

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