(Correction) Notice of Correction Regarding Changes in Major Shareholders, Principal Shareholder Who Is the Largest Shareholder, and Other Related Companies

Overview

This is a correction notice that communicates additional information to the originally published content regarding changes in related companies. While five companies including Sudian Investment Co. Limited were previously considered potentially related companies, this correction expands the scope to include Sudian's parent company and its parent company, newly identifying four related companies: Jingrui International Limited, JingzhiRui (Suzhou) Microelectronics Technology Co., Ltd., Shanfeng Investment (Jiangsu) Co., Ltd., and Jingrui Electronic Materials Co., Ltd. The criteria for determining non-listed parent companies subject to disclosure have also been clarified, and it is stated that Jingrui Electronic Materials is listed on the Shenzhen Stock Exchange and therefore is not subject to disclosure.

Impact and Next Steps

The post-correction disclosures aim to provide greater transparency of the shareholder structure, and the voting rights ratios of particular shareholders and the hierarchical relationships among related companies have been reassessed. The addition of the four companies changes the number and relationships of related companies, which may affect interpretations of the shareholder composition. In particular, given Jingrui Electronic Materials' Shenzhen listing, the standards for determining disclosure targets have been revised and may affect future legal and disclosure responses.