Jiangsu Hengtong Optic-Electric Co., Ltd. Announcement on Partial Equity Pledge by Controlling Shareholder

Stock Code: 600487
Stock Name: Hengtong Optoelectronics
Announcement No.: 2026-013

Jiangsu Hengtong Optoelectronics Co., Ltd.

Announcement Regarding Partial Share Pledge by Controlling Shareholder

The company’s board of directors and all directors guarantee that this announcement contains no false records, misleading statements, or major omissions, and assume individual and joint responsibility for the authenticity, accuracy, and completeness of its content.

Key Highlights:

● Jiangsu Hengtong Optoelectronics Co., Ltd. (hereinafter referred to as “the Company”)’s controlling shareholder, Hengtong Group Co., Ltd. (hereinafter “Hengtong Group”), holds 593,765,498 shares, accounting for 24.07% of the total share capital of the Company; as of the disclosure date of this announcement, Hengtong Group has pledged a total of 328,150,000 shares (including this pledge), representing 55.27% of its holdings, and 13.30% of the total share capital of the Company.

1. Share Pledge Situation

On March 19, 2026, the Company received a notice from Hengtong Group regarding the pledge of some of its shares, with details as follows:

(1) Basic information of this share pledge

On March 18, 2026, Hengtong Group pledged 40 million unrestricted circulating shares of the Company to China Postal Savings Bank Co., Ltd., Suzhou Wujiang Branch. The pledge registration was completed on March 19, 2026. The specific details are as follows:

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Note: The principal debt secured by this pledge is due on March 17, 2027. The actual pledge expiry date shall be based on the registration date.

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

(2) Cumulative pledge of shares by shareholders

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

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Note: The total share capital is calculated based on the latest data. Any discrepancies in the last digit between the total and the sum of individual items are due to rounding.

2. Explanation of Share Pledge by Controlling Shareholder and Its Concerted Parties

3. As of the disclosure date of this announcement, Hengtong Group has 16.15 million shares pledged that will mature within the next six months, accounting for 2.72% of its total holdings in the Company and 0.65% of the total share capital of the Company, with a financing balance of 240 million yuan. Additionally, 53 million shares pledged by Hengtong Group will mature within the next year (excluding those maturing within six months), accounting for 8.93% of its holdings and 2.15% of the total share capital, with a financing balance of 1,011.8 million yuan.

The actual controller, Mr. Cui Genliang, has no pledged shares maturing within the next year.

Hengtong Group and its concerted party Mr. Cui Genliang have sufficient repayment capacity. The repayment sources include, but are not limited to, operating income and investment dividends.

2. Hengtong Group and Mr. Cui Genliang do not engage in non-operational capital occupation, illegal guarantees, related-party transactions, or other activities that harm the company’s interests.

3. Impact of Pledge on the Listed Company

Hengtong Group and Mr. Cui Genliang have sufficient risk control capabilities. The share pledges will not affect the company’s main business, financing credit lines, financing costs, or ongoing operational capabilities, nor will they impact the company’s control rights, equity structure, or daily management.

In case of margin call risk, Hengtong Group and Mr. Cui Genliang will take measures such as additional pledges or early repurchase of pledged shares to mitigate risks.

This announcement is hereby made.

Jiangsu Hengtong Optoelectronics Co., Ltd.

Board of Directors

March 19, 2026