Saif Microelectronics: Participating in the IPO of its subsidiary Silex in Nasdaq Sweden.

Sai Microelectronics announcement, the company held a Board of Directors meeting to review and approve the "Proposal on Overseas Listing of Subsidiary Sweden Silex". The company and its wholly-owned subsidiary collectively hold 45.24% of the shares in Sweden Silex. To promote its business expansion and long-term development, it is proposed to facilitate the listing of Sweden Silex on the Nasdaq Stockholm IPO. The company authorizes the Chairman of the Board or the General Manager to handle matters such as opening accounts and signing agreements, with a term of authorization of 12 months. This matter does not constitute a related-party transaction or a major asset restructuring, and does not require shareholder approval. If the listing is successful, the directors appointed by the company will resign, and due to the substantial decrease in shareholding percentage, the company's decision-making power over Sweden Silex will be significantly reduced. The specific valuation, issuance size, and timing are still uncertain, and there are risks of uncertainty.