Ling Electric Control: Termination of major asset restructuring, verification of insider trading of stocks.

Lingdi Electric Control announced that on January 30, 2026, the company held a board meeting to review and approve the termination of the issuance of shares and the payment of cash to purchase assets, and to withdraw the application documents. Beijing Zhong Lun Wende Law Firm was commissioned to verify the trading of stocks by insiders during the self-inspection period from May 29, 2025 to January 31, 2026. The results showed that three individuals, Wu Zhansong, Wang Wen, and Zhu Kun, engaged in buying and selling company stocks during the self-inspection period, and the relevant insiders and their relatives committed to not using insider information for trading and did not engage in insider trading. There was no trading activity by relevant institutions. The lawyers believe that, under the premise that the relevant documents regarding insider information are true, accurate and complete, the transactions by the above-mentioned individuals do not constitute insider trading, and other insiders did not engage in trading.