Jiangfeng Electronics: Actual controller Yao Lijun proposes share buyback of the company's shares.

Jiangfeng Electronics announced that on October 16, 2026, the company received a share repurchase proposal from Yao Lijun, its controlling shareholder, actual controller, and chief technology officer, who plans to repurchase some of its A-shares through centralized bidding using self-owned and self-raised funds, for use in a subsequent employee stock ownership plan or equity incentive plan. Repurchased shares not used within the prescribed period will be cancelled. The total repurchase amount shall be no less than RMB 50 million and no more than RMB 100 million, and the repurchase price shall not exceed 150% of the average trading price of the company's shares over the 30 trading days immediately preceding the date of the board resolution approving the repurchase plan. The repurchase period shall be within 12 months from the date of the board resolution approving the repurchase plan. Yao Lijun and his persons acting in concert had no transactions in the company's shares in the preceding six months, and have no current plans to increase or decrease their holdings during the repurchase period. This repurchase matter is still subject to approval procedures and involves uncertainty.