Jinglun Electronics Co., Ltd. Announcement on the Sixth Risk Warning Regarding the Possible Termination of Listing Due to Market Value Falling Below 500 Million Yuan and the Third Risk Warning Due to Share Price Falling Below 1 Yuan

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The Board of Directors and all directors of the company guarantee that there are no false records, misleading statements, or significant omissions in this announcement and bear legal responsibility for the authenticity, accuracy, and completeness of its content.

Important Notice:

The total market capitalization of Jinglun Electronics Co., Ltd. (hereinafter referred to as “the Company”) stock on March 26, 2026, is 389 million yuan, and it has been below 500 million yuan for 14 consecutive trading days. According to Article 9.2.1, Paragraph 1, Item (5) of the “Shanghai Stock Exchange Stock Listing Rules” (hereinafter referred to as “the Listing Rules”), if a listed company has a total daily stock closing market value below 500 million yuan for 20 consecutive trading days on the Shanghai Stock Exchange (hereinafter referred to as “SSE”), the SSE will decide to terminate the listing of the company’s stock. Investors are advised to pay attention to investment risks.

On March 26, 2026, the closing price of the company’s stock was 0.79 yuan, and it has been below 1 yuan for 11 consecutive trading days. According to Article 9.2.1, Paragraph 1, Item (1) of the Listing Rules, if a listed company has a daily stock closing price below 1 yuan for 20 consecutive trading days, the SSE will decide to terminate the listing of the company’s stock. Investors are advised to pay attention to investment risks.

The company expects a net profit for the year 2025 to be negative, and the operating revenue after deducting income unrelated to its main business and income lacking commercial substance is below 300 million yuan. After the annual report disclosure, it will trigger the provisions of Article 9.3.7 of the Listing Rules, and the company’s stock will be terminated from listing. After auditing, Shenzhen Xutai Accounting Firm (Special General Partnership) believes that the company’s operating revenue after deducting income unrelated to its main business and income lacking commercial substance is below 300 million yuan.

According to Article 9.1.16 of the Listing Rules, if a listed company has two or more circumstances that warrant termination of listing, the stock will be terminated based on the principle of first to trigger, first to apply.

According to Article 9.6.1, Paragraph 2 of the Listing Rules, stock of companies under mandatory delisting does not enter a delisting adjustment period. Investors are advised to pay attention to investment risks.

I. Reasons the company’s stock may be delisted

According to Article 9.2.1, Paragraph 1, Items (1) and (5) of the Listing Rules, if a listed company has a daily stock closing price below 1 yuan or a total daily stock closing market value below 500 million yuan for 20 consecutive trading days on the SSE, the SSE will decide to terminate the listing of the company’s stock, which falls under mandatory delisting.

As of March 26, 2026, the total market capitalization of the company’s stock is 389 million yuan, and it has been below 500 million yuan for 14 consecutive trading days. The closing price of the company’s stock on March 26, 2026, is 0.79 yuan, and it has been below 1 yuan for 11 consecutive trading days. The company’s stock carries the risk of being delisted due to a market value below 500 million yuan and a price below 1 yuan.

II. Disclosure of the risk notice for termination of listing

According to Article 9.2.5, Paragraph 1 of the Listing Rules, if the total market value of the company’s stock first appears below 500 million yuan, the company must disclose a risk notice regarding the potential termination of its stock listing on the next trading day; if the total market value has been below 500 million yuan for 10 consecutive trading days (excluding the days the company stock is suspended), the company must disclose a risk notice regarding the potential termination of its stock listing on the next trading day, and then disclose once per trading day until the situation of total market value below 500 million yuan is resolved or the termination of listing occurs (whichever date is reached first).

On March 9, 2026, the closing price of the company’s stock was 1.01 yuan, with a total market value of 497 million yuan, falling below 500 million yuan for the first time. On March 10, 2026, the company disclosed “Jinglun Electronics’ First Risk Notice Regarding the Potential Termination of Listing Due to Market Value Below 500 Million Yuan” (Announcement No.: Lin 2026-014).

On March 20, 2026, the total market value of the company’s stock was 384 million yuan, having been below 500 million yuan for 10 consecutive trading days. On March 21, 2026, the company disclosed “Jinglun Electronics’ Second Risk Notice Regarding the Potential Termination of Listing Due to Market Value Below 500 Million Yuan” (Announcement No.: Lin 2026-022).

On March 23, 2026, the total market value of the company’s stock was 404 million yuan, having been below 500 million yuan for 11 consecutive trading days. On March 24, 2026, the company disclosed “Jinglun Electronics’ Third Risk Notice Regarding the Potential Termination of Listing Due to Market Value Below 500 Million Yuan” (Announcement No.: Lin 2026-023).

On March 24, 2026, the total market value of the company’s stock was 423 million yuan, having been below 500 million yuan for 12 consecutive trading days. On March 25, 2026, the company disclosed “Jinglun Electronics’ Fourth Risk Notice Regarding the Potential Termination of Listing Due to Market Value Below 500 Million Yuan” (Announcement No.: Lin 2026-025).

On March 25, 2026, the total market value of the company’s stock was 408 million yuan, having been below 500 million yuan for 13 consecutive trading days. On March 26, 2026, the company disclosed “Jinglun Electronics’ Fifth Risk Notice Regarding the Potential Termination of Listing Due to Market Value Below 500 Million Yuan and Second Risk Notice Regarding Stock Price Below 1 Yuan” (Announcement No.: Lin 2026-026).

According to Article 9.2.3, Paragraph 1 of the Listing Rules, if the stock closing price first falls below 1 yuan, the company must disclose a risk notice regarding the potential termination of its stock listing on the next trading day; if the stock closing price has been below 1 yuan for 10 consecutive trading days (excluding days when the stock is suspended), the company must disclose a risk notice regarding the potential termination of its stock listing on the next trading day, and then disclose once per trading day until the situation of stock closing price below 1 yuan is resolved or the termination of listing occurs (whichever date is reached first).

On March 10, 2026, the closing price of the company’s stock was 0.96 yuan, falling below 1 yuan for the first time; the total market value was 472 million yuan, having been below 500 million yuan for two consecutive days. On March 11, 2026, the company disclosed “Jinglun Electronics’ Risk Notice Regarding the Potential Termination of Listing Due to Market Value Below 500 Million Yuan and First Risk Notice Regarding Stock Price Below 1 Yuan” (Announcement No.: Lin 2026-015).

On March 12, 2026, the closing price of the company’s stock was 0.96 yuan, falling below 1 yuan again for the first time; the total market value was 472 million yuan, having been below 500 million yuan for four consecutive days. On March 13, 2026, the company disclosed “Jinglun Electronics’ Risk Notice Regarding the Potential Termination of Listing Due to Market Value Below 500 Million Yuan and First Risk Notice Regarding Stock Price Below 1 Yuan” (Announcement No.: Lin 2026-017).

On March 25, 2026, the closing price of the company’s stock was 0.83 yuan, having been below 1 yuan for 10 consecutive trading days. On March 26, 2026, the company disclosed “Jinglun Electronics’ Fifth Risk Notice Regarding the Potential Termination of Listing Due to Market Value Below 500 Million Yuan and Second Risk Notice Regarding Stock Price Below 1 Yuan” (Announcement No.: Lin 2026-026).

This announcement serves as the sixth risk notice regarding the potential termination of listing due to market value and the third risk notice regarding the potential termination of listing due to stock price below par value.

III. Other Matters

1. According to the special explanation issued by the annual audit accountant on March 19, 2026, regarding the progress of the audit work for Jinglun Electronics Co., Ltd.'s 2025 annual report:

“(1) Jinglun Electronics disclosed the ‘2025 Annual Performance Loss Announcement’ on January 28, 2026 (Announcement No.: 2026-002), and the company expects a net profit for 2025 to be negative, with operating revenue below 300 million yuan after deducting income unrelated to its main business and income lacking commercial substance. After the annual report disclosure, it will trigger the provisions of Article 9.3.7 of the Shanghai Stock Exchange Stock Listing Rules, and the company’s stock will be terminated from listing. After auditing, we believe that the company’s operating revenue after deducting income unrelated to its main business and income lacking commercial substance is below 300 million yuan.

(2) The audit work for Jinglun Electronics’ 2025 financial statements is still in the summarization and project team review stage, in which: Jinglun Electronics confirmed server sales revenue of 234.777 million yuan for 2025, and we are conducting extended inspection audit procedures on server business suppliers. If we cannot obtain sufficient and appropriate audit evidence, it may result in a non-unqualified opinion audit report for the company’s 2025 financial statements. If the company’s 2025 financial accounting report is issued with a qualified opinion, inability to express an opinion, negative opinion, or internal control is issued with a negative opinion, inability to express an opinion, etc., it will trigger financial delisting circumstances.”

2. According to Article 9.2.6 of the Listing Rules, if the total market capitalization of the company’s stock is below 500 million yuan for 20 consecutive trading days, the company’s stock must be suspended from trading on the next trading day after the occurrence of this situation. The SSE will issue a prior notice of intention to terminate the stock listing to the company within 5 trading days from the date of stock suspension, and subsequently make a decision on whether to terminate the company’s stock listing in accordance with relevant provisions of the Listing Rules. According to Article 9.6.1, Paragraph 2 of the Listing Rules, stock of companies under mandatory delisting does not enter a delisting adjustment period. Investors are advised to pay attention to investment risks.

The company will closely monitor the current stock price trends and the progress of the above matters and fulfill its information disclosure obligations promptly in accordance with relevant laws and regulations. Investors are advised to pay attention to risks.

The company specifically reminds investors that the Shanghai Stock Exchange website (www.sse.com.cn) is the designated information disclosure website for the company, and the Shanghai Securities Journal is the designated information disclosure publication for the company. All information of the company shall be subject to the information published in the aforementioned designated disclosure media. Investors are advised to invest rationally and pay attention to investment risks.

This is a special announcement.

Board of Directors of Jinglun Electronics Co., Ltd.

March 27, 2026

Stock code: 600355 Stock abbreviation: *ST Jinglun Announcement No.: Lin 2026-027

Jinglun Electronics Co., Ltd.

Announcement on the Sixth Risk Notice Regarding the Potential Termination of Listing Due to Market Value Below 500 Million Yuan and Third Risk Notice Regarding Stock Price Below 1 Yuan

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