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Securities code: 002762 Securities abbreviation: *ST Jinbi Announcement Number: 2026-007

Blonde Rabbi Maternal and Infant Products Co., Ltd.’s Risk Warning Announcement on the Possible Termination of Listing of the Company’s Stocks

The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete, and that there are no false records, misleading statements or major omissions.

Special tips:

1. Jinfa Rabbi Maternal and Infant Products Co., Ltd. (hereinafter referred to as the "Company") disclosed the "2024 Annual Report" on April 23, 2025. The 2024 financial data touches on Article 9.3.1 of the "Shenzhen Stock Exchange Stock Listing Rules" "(1) The lower of the audited total profit, net profit, and net profit after deducting non-recurring gains and losses in the most recent fiscal year is negative, and the operating income after deduction is less than 3 100 million" situation, the company's stock has been issued a "delisting risk warning" by the Shenzhen Stock Exchange from April 24, 2025 (the stock abbreviation is preceded by the word "*ST").

2. The company disclosed the "2025 Performance Forecast" (Announcement No. 2026-004) on January 28, 2026 in the "China Securities Journal", "Shanghai Securities News", "Securities Times" and cninfo.com (http://www.cninfo.com.cn). Please refer to the company's officially disclosed audited "2025 Annual Report" for final financial data.

3. According to Article 9.3.6 of the "Shenzhen Stock Exchange Stock Listing Rules": ① After a listed company is subject to a delisting risk warning for its stock trading due to the circumstances of the first to third items of paragraph 1 of Article 9.3.1 of these rules, it shall disclose a risk warning announcement that the stock may be terminated from listing within one month after the end of the fiscal year in which its stock trading is subject to a delisting risk warning. After the disclosure of the first risk warning announcement and before the disclosure of the annual report, a risk warning announcement shall be disclosed every ten trading days. ② After a company is subject to a delisting risk warning for its stock transactions due to the circumstances mentioned in Items 1 to 3 of Paragraph 1 of Article 9.3.1 of these Rules, it shall disclose the preparation of the annual report and the latest audit progress 20 trading days and 10 trading days before the scheduled disclosure date of the annual report respectively.

In accordance with the requirements of the above rules, the company has disclosed its first risk warning announcement on January 31, 2025. This announcement is the second risk warning announcement. After the disclosure of this risk warning announcement and before the disclosure of the "2025 Annual Report", the company must disclose a risk warning announcement every ten trading days.

As of the disclosure date of this announcement, the financial listing termination situations that the company may be involved in are as follows:

1. Reasons why the company’s shares may be terminated from listing

The company disclosed the "2024 Annual Report" on April 23, 2025. The audited annual report data showed that the company's total profit in 2024 was 70.7693 million yuan and net profit was 49.686 million yuan. 70,000 yuan, net profit after deducting non-recurring gains and losses -45.3168 million yuan, whichever is lower, the net profit after deducting non-recurring gains and losses -45.3168 million yuan is negative, and the operating income after deduction is less than 300 million yuan. The above financial data touches on the situation in Article 9.3.1 of the "Shenzhen Stock Exchange Stock Listing Rules" "(1) The lower of the audited total profit, net profit, and net profit after deducting non-recurring gains and losses in the most recent fiscal year is negative, and the operating income after deduction is less than 300 million yuan." The company's stock will be subject to a "delisting risk warning" from April 24, 2025 (the stock abbreviation is preceded by the word "*ST").

If the company encounters the following circumstances stipulated in Article 9.3.12 of the Shenzhen Stock Exchange Stock Listing Rules in 2025, the company's shares may be terminated from listing:

“9.3.12 After a listed company’s stock trading is subject to a delisting risk warning due to the situation in paragraph 1 of Article 9.3.1 of these Rules, if one of the following circumstances occurs in the year following the corresponding year when the delisting risk warning situation is actually encountered, the Exchange will decide to terminate the listing and trading of its stocks:

(1) The lower of the audited total profit, net profit, and net profit after deducting non-recurring gains and losses is negative, and the operating income after deduction is less than 300 million yuan.

(2) The audited net assets at the end of the period are negative.

(3) The financial accounting report is issued with a qualified opinion, a disclaimer of opinion or an audit report with a negative opinion.

(4) After the retrospective restatement, the lower of total profit, net profit, and net profit after deducting non-recurring gains and losses is negative, and the operating income after deduction is less than 300 million yuan; or the net assets at the end of the retrospective restatement period are negative.

(5) An audit report with a disclaimer of opinion or negative opinion is issued on the internal control of financial reporting.

(6) Failure to disclose the internal control audit report in accordance with regulations, except when it cannot be disclosed in accordance with relevant regulations due to the completion of bankruptcy reorganization, reorganization and listing, or major asset restructuring.

(7) Failure to disclose within the statutory period an annual report that is guaranteed to be true, accurate and complete by more than half of the directors.

(8) Although it complies with the provisions of Article 9.3.8, it fails to apply to the Exchange for cancellation of the delisting risk warning within the prescribed period.

(9) The application for canceling the delisting risk warning was not reviewed and approved by the Exchange.

(10) Other circumstances determined by the Exchange. "

If the company encounters any of the above-mentioned circumstances in 2025, the company's shares will face the risk of being terminated from listing.

2. Key Risk Matters

The company disclosed the "2025 Performance Forecast" (Announcement No. 2026-004) on January 28, 2026 in China Securities Journal, Shanghai Securities News, Securities Times and cninfo.com (http://www.cninfo.com.cn). The company has fully communicated with the annual audit accounting firm on matters related to the performance forecast, and the two parties have no disagreements on matters related to this performance forecast. For final financial data, please refer to the audited "2025 Annual Report" officially disclosed by the company.

3. Disclosure of previous listing termination risk warning announcements

Article 9.3.6 of the "Shenzhen Stock Exchange Stock Listing Rules": ① After a listed company is subject to a delisting risk warning for its stock trading due to the circumstances of items 1 to 3 of paragraph 1 of Article 9.3.1 of these rules, it shall disclose a risk warning announcement that the stock may be terminated from listing within one month after the end of the fiscal year in which its stock trading is subject to a delisting risk warning. From the disclosure of the first risk warning announcement to the disclosure of the annual report, a risk warning announcement shall be disclosed every ten trading days. ② After a company is subject to a delisting risk warning for its stock transactions due to the circumstances mentioned in Items 1 to 3 of Paragraph 1 of Article 9.3.1 of these Rules, it shall disclose the preparation of the annual report and the latest audit progress 20 trading days and 10 trading days before the scheduled disclosure date of the annual report respectively.

1. The company has disclosed its first risk warning announcement on January 31, 2025;

2. This announcement is the second risk warning announcement. After the disclosure of this risk warning announcement and before the disclosure of the "2025 Annual Report", the company is required to disclose a risk warning announcement every ten trading days.

4. Other matters

The company will continue to strictly comply with the provisions and requirements of relevant laws and regulations, conscientiously perform its information disclosure obligations, and do a good job in information disclosure in a timely manner. The company solemnly reminds investors: "China Securities Journal", "Securities Times", "Shanghai Securities News" and Juchao Information Network (http://www.cninfo.com.cn) are the company's designated information disclosure media. All the company's information is subject to the information published in the above designated media. Investors are requested to invest rationally and pay attention to risks!

Announcement hereby

The Board of Directors of Blonde Rabbi Maternal and Infant Products Co., Ltd.

February 13, 2026

Securities code: 603097 Securities abbreviation: Jiangsu Huachen Announcement No.: 2026-008

Bond code: 113695 Bond abbreviation: Huachen convertible bonds

Jiangsu Huachen Transformer Co., Ltd.

Announcement on the 10% change in the proportion of convertible bonds held by bondholders

The company's board of directors and all directors guarantee that the contents of this announcement do not contain any false records, misleading statements or major omissions, and assume legal responsibility for the authenticity, accuracy and completeness of its contents.

1. Placement of convertible bonds

With the approval of the China Securities Regulatory Commission's Securities Regulatory Commission Document No. 988 (2025), Jiangsu Huachen Transformer Co., Ltd. (hereinafter referred to as the "Company") issued 4,600,000 convertible corporate bonds to unspecified objects on June 20, 2025, with a face value of RMB 100 each, and a total issuance of RMB 460,000,000, with a term of 6 years. As approved by the Shanghai Stock Exchange's Self-Regulatory Supervision Decision [2025] No. 155, the 460 million yuan convertible corporate bonds issued by the company will be listed and traded on the Shanghai Stock Exchange on July 10, 2025. The bond abbreviation is "Huachen Convertible Bonds" and the bond code is "113695".

The company's controlling shareholder and actual controller Zhang Xiaojin and persons acting in concert Zhang Xiaobao, Zhang Chenchen, Zhang Xiaoyu and Zhang Xiaoyin subscribed for a total of 3,132,640 "Huachen Convertible Bonds" through preferential allotment by the original shareholders, accounting for 68.10% of the company's total convertible corporate bonds issuance.

2. Changes in convertible bond holding ratio

From January 19, 2026 to January 23, 2026, the controlling shareholder and actual controller Zhang Xiaojin reduced his holdings of "Huachen Convertible Bonds" by a total of 600,000 pieces through centralized bidding through the Shanghai Stock Exchange system, accounting for 13.04% of the total issuance. After the reduction, the controlling shareholder and actual controller Zhang Xiaojin and persons acting in concert hold 2,532,640 "Huachen Convertible Bonds", accounting for 55.06% of the total amount of convertible bonds issued. For details, please refer to the "Jiangsu Huachen Transformer Co., Ltd.'s Announcement on the Change in the Proportion of Bond Holders' Convertible Bonds Holding by 10%" disclosed by the company on January 24, 2026 (Announcement Number: 2026-003).

From January 26, 2026 to February 3, 2026, the controlling shareholder and actual controller Zhang Xiaojin and his concerted parties reduced their holdings of "Huachen Convertible Bonds" by a total of 560,000 pieces through centralized bidding through the Shanghai Stock Exchange system, accounting for 12.17% of the total issuance. After the reduction, the controlling shareholder and actual controller Zhang Xiaojin and persons acting in concert held 1,972,640 "Huachen Convertible Bonds", accounting for 42.88% of the total amount of convertible bonds issued. For details, please refer to the "Announcement of Jiangsu Huachen Transformer Co., Ltd. on the change in the proportion of convertible bonds held by bondholders reaching 10%" disclosed by the company on February 4, 2026 (Announcement Number: 2026-006).

Recently, the company received a notice from the controlling shareholder and actual controller Zhang Xiaojin and his persons acting in concert. From February 4, 2026 to February 11, 2026, the controlling shareholder and actual controller Zhang Xiaojin and his persons acting in concert reduced their holdings of "Huachen Convertible Bonds" by a total of 565,140 pieces through centralized bidding through the Shanghai Stock Exchange system, accounting for 12.28% of the total issuance. The specific changes are as follows:

Note: 1. The total issuance amount in the above table is the initial issuance amount of 4,600,000 pieces.

2. If the total number of the above values ​​does not match the sum of each sub-item value, it is due to rounding.

Announcement is hereby made.

Board of Directors of Jiangsu Huachen Transformer Co., Ltd.

February 13, 2026

With his younger brother gone, 78-year-old Zhang Ruian is mostly empty-hearted.

At the dining table in the early morning, as usual, she subconsciously wanted to serve a bowl of rice to her brother first. When she turned around, the seat was empty, and she came to her senses: her brother was gone. Tears blurred vision.

In the past 34 years, Zhang Ruian often worried about what her brother, who suffered from epilepsy and had the mind of a child, would do if she passed away first. Now, my brother is gone first. Sitting in her brother's room, she felt in a trance. The time the siblings spent together day and night became clearer, and a voice rang in her ears, "Sister! I'm back!"

Caption: A photo of siblings.

"Sister! Where are you going?"

Zhang Ruian was born in Huangpu District, Shanghai. He is the second eldest son in his family. He has an elder brother who is 7 years old. The younger brother has been very timid since he was a child, and loves to cling to her the most. Whenever he sees Zhang Ruian going out, his younger brother always shouts: "Sister, sister! Where are you going?" The younger brother is like her little tail.

When my younger brother was 6 years old, he got meningitis. In the hospital, Zhang Ruian heard the doctor ask his father: "Should we save him? If he is rescued, his brain may be bad." Zhang Ruian's heart tightened suddenly. "Save!" the father said firmly.

The younger brother's life was saved, but his "brain is bad", he cannot communicate normally, he can only laugh naively, and he also suffers from epilepsy. Zhang Ruian taught him how to read a clock and recognize money many times, but his younger brother forgot what he learned. Once, a neighbor's child teased her, "You have a fool in your family." Zhang Ruian, who was usually kind, was so angry that she trembled all over. She covered her head and cried when she got home. Her father told her: "There is nothing we can do about my brother's illness. No matter what others say, we cannot look down on him."

When he was 17 years old, Zhang Ruian went to Xinjiang to support the border area, where he got married and started a business, and gave birth to two sons. Thousands of miles away, her brother is always the deepest concern in her heart. The younger brother worked some manual labor in a factory in an alley, got married and divorced, and had no children. Later, I fell ill every three days, and it became difficult to continue working.

When the younger brother was 37 years old, his father died. My mother, who had always been a housewife, panicked and wrote to Zhang Ruian. After Zhang Ruian discussed it with his wife, he wrote back: "Mom, bring my brother to Xinjiang."

“The conditions were really hard at the time, but there was always something for them to eat,” Zhang Ruian recalled. In Xinjiang, my younger brother and mother have no jobs, and my younger brother relies on his elder brother to regularly send him medicine from Shanghai. The family relied on the couple's meager salary to support themselves. After their sons were admitted to college, life became even tighter. In addition to going to work, Zhang Ruian also worked odd jobs here and there. The younger brother is still like what he did when he was a child. He follows his sister wherever she goes, planting sunflowers and watering the vegetable fields together. My younger brother can't cook, so Zhang Ruian prepares three meals day after day, and the first bowl of rice always belongs to his younger brother.

Later, my mother also left. The eldest sister is like a mother, Zhang Ruian has taken over all the responsibilities.

Caption: Old photos on your phone freeze memories.

"Sister takes you home"

When his younger brother was 43 years old, 50-year-old Zhang Ruian retired. The sons had married in Shanghai and hoped that their parents would return to Shanghai. Zhang Ruian and his wife decided to bring their younger brother back. Zhang Ruian asked his younger brother: "Do you still remember our home in Shanghai? My sister will take you home." His younger brother grinned: "My home is in Shanghai, remember."

My home in Shanghai is an old house of 30 square meters left by my parents. Previously, the eldest brother was considerate of his sister's efforts and left his parents' house to her. After returning to Shanghai, Zhang Ruian, his wife, and his brother huddled in this room together. After the house was demolished a few years later, the couple discussed using the compensation money to buy a new house in Songjiang.

"Songjiang has a good environment and cheap housing prices, making it suitable for elderly care," Zhang Ruian said. The sons hope that they will stay in the city so that they can take care of her more easily, and they will spend their respective demolition funds to buy a house for her. But she and her lover still wanted to be strong and did not want to cause trouble to the children, so they decided to come to Songjiang. Before viewing the house, her youngest son asked her what her requirements were for the new house. She said, "If you want two bedrooms, leave one room for your uncle." Finally, she chose a two-bedroom apartment on the first floor in Tianhong No. 4 Village, with both bedrooms facing south, and she lives there until now.

After working in Xinjiang for many years, Zhang Ruian suffered from a series of diseases: rheumatism, lumbar disc herniation, bone hyperplasia… The finger joints have been deformed. In recent years, as I get older, I cannot walk without crutches and rely on a wheelchair when going out. My wife is also in her nineties, has a bad heart, and has inconvenient legs and feet.

Sometimes when she was busy in the kitchen, her younger brother came over and said, "Sister, where are my socks?" "Go and look for them in your room." After a while, the younger brother came over again and said, "Sister, where are my shoes?" Zhang Ruian was upset by the question and couldn't help but raise his voice: "How could I know about your shoes?" Finally, Zhang Ruian sighed and went to help him find them. Sometimes she wanted her younger brother to help mop the floor, but he muttered: "I mopped it yesterday." She got angry and said, "Well, you had dinner yesterday, do you want to eat today?" Seeing her lose her temper, her husband always tried to persuade her: "Why are you yelling at him? He is just a child." Zhang Ruian could only say helplessly: "I'm exhausted."

There are times when my younger brother does something stupid, such as breaking hot water bottles and light bulbs at home. Zhang Ruian was so angry: "If you don't obey me, I'll send you out." Her younger brother immediately came to her and said, "Sister, I'm obedient." Her heart suddenly softened again. My younger brother can't stay at home and likes to go out. Outside, he sometimes stares at others, which makes people disgusted. Zhang Ruian always has to make others smile. My younger brother doesn't look at the road when he walks, and he will fall over on flat ground. In short, Zhang Ruian has endless worries.

Her son and daughter-in-law asked her to hire a nanny many times, but she refused: "I can still move, so I won't spend that money." The children were very filial. During her two hospitalizations for surgery, the children took their uncle over and took good care of her, making her feel at ease in the hospital. Afraid that their uncle would get lost, they bought two locators and asked him to wear them. At the same time, they installed an app on their mother's phone so they could check his location at any time.

The surprise came anyway. One day a few years ago, my younger brother went out at noon and didn't come home until dark. Only then did Zhang Ruian realize that the locator was left at home, and she and her husband called the police. Zhang Ruian stayed up all night, and for the next few days, he stayed at the window every day, shouting: "Ruiyang (brother's name), come back soon…" On the sixth day, the police found his brother in Maogang. The younger son immediately drove his uncle back. As soon as his younger brother walked in, Zhang Ruian burst into tears – his younger brother was skinny and skinny. "Why are you so thin? Have you eaten these days?" "I haven't eaten. I drank water." Zhang Rui comforted his brother's back, blaming himself.

Caption: Zhang Ruian takes his younger brother to participate in community activities.

"What should I do, brother?"

Every Spring Festival, my sons would take the three of them to the city to celebrate the New Year. Her two sons left her when they were 18 years old, and her younger brother is still with her at the age of 70. Sometimes Zhang Ruian couldn't help but worry: "What will happen to my brother after I die?" The children comforted her: "We are still there, Mom, don't worry." Zhang Ruian shook his head: "You still have children and parents to support, so we can't drag you down…" The children said, "It really doesn't work. There is a nursing home. Hire a nanny for your uncle. Don't worry, we will find a solution by then."

After the Spring Festival in 2025, Zhang Ruian discovered that his younger brother's memory was declining rapidly. He would go to the wrong bedroom, mistake the kitchen for the bathroom, and sometimes fall two or three times a day, but fortunately he was fine.

One day after winter, Zhang Ruian and his wife called the police again when his brother went out to take out the garbage and did not return for several hours. My wife drove an electric wheelchair and went to the police station with her brother's ID card. She and the police checked the public video. After searching for more than an hour, they couldn't find him. The police drove to the street to look for him, and finally found his brother on Wenxiang Road and sent him home. It turned out that after my brother threw away the garbage, he couldn't remember where his home was. Afterwards, Zhang Ruian customized a banner and sent it to the police station to express his gratitude.

His younger brother got into trouble one after another, and Zhang Ruian realized that his younger brother, who was already in his seventies, was getting old. This worried her. In one year, she lost more than 20 pounds.

In the early morning of January 7, 2026, Zhang Ruian called his brother to get up, but his brother didn't answer. She suddenly remembered that her brother had fallen at home the day before and quickly called an ambulance. After the doctor diagnosed her, he asked her: "There is blood in the brain, can we save it?" Zhang Ruian blurted out: "Save!" without hesitation, just like his father back then. Zhang Ruian's two sons rushed to Songjiang after hearing the news. They immediately purchased hospital supplies and hired nurses.

My brother was transferred to the intensive care unit after surgery. Zhang Ruian was unable to visit and was restless at home. Knowing that she was anxious, her youngest son rushed to the hospital from Minhang every day to "broadcast" her condition. On January 16, the critical illness notification came, and on the same day, my brother passed away.

The next day, Zhang Ruian was hospitalized for high blood pressure and was discharged a week later.

"Sister! I'm back!"

When the reporter came to visit, Zhang Ruian put on his reading glasses and opened the photo album on his mobile phone: "This is my younger brother and I participating in activities in the community. He watched me playing cards and having fun, and he was laughing next to me." "This is my wife accompanying my younger brother to participate in the game." "This is a family photo, and the one standing in the middle is my younger brother."… Zhang Ruian's fingers gently stroked the screen.

Zhang Ruian didn't feel relieved after her brother left, because she never regarded her brother as a burden. Now, she was sitting at home, and in a daze, the familiar call sounded in her ears again – "Sister! I'm back!" She subconsciously looked at the door. In the past, her brother would shout like this every time he entered the door, with a loud voice and child-like joy. But now, my brother will never push in the door again.

Pan Yan, secretary of the party branch in the residential area, remembers clearly: her sister was sitting in a wheelchair, and her younger brother, who was cleanly dressed, was pushing her behind. Sometimes the elder sister turns around and says something, and the younger brother smiles innocently. What touched Pan Yan even more was that Zhang Ruian always had an open-minded tenacity and never complained. Feng Guihua, president of the Rongmei Community Elderly Association, also expressed emotion: "This sister is amazing! For decades, she has taken care of her younger brother like a parent taking care of their children. She is very responsible. When my sister is in a wheelchair, my younger brother becomes the person pushing the wheelchair. The sister and brother support each other throughout their lives."

Caption: Zhang Ruian shows a photo with his younger brother.

Before the Spring Festival, Pan Yan visited the old man's house as usual, held the old man's hand and said: "Aunt Zhang, you and your uncle should take care. If you have any difficulties, we will always go to the neighborhood committee. We are here." Zhang Ruian's eyes turned red: "The community has been so good to us! I have to live a good life to be worthy of everyone's concern." She muttered: The neighborhood committee helped me get my disability certificate. The wheelchair and toilet were given by the community; after not participating in several community activities since the beginning of last spring, the neighborhood committee staff called to inquire about the situation; the disabled passage at the corridor door was repaired by Secretary Pan in contact with a caring enterprise… "Every time I go out in a wheelchair, I think of these warmth." Zhang Ruian said gratefully.

In her bedroom, there is a photo of her and her brother before the Spring Festival in 2024. Both siblings were wearing bright red Chinese vests, holding red Chinese knots in their hands, and smiling at the camera. "The community sent someone to take the photos for free," Zhang Ruian looked at the photos and said softly, "How nice."

Securities code: 003019 Securities abbreviation: Chenzhan Optoelectronics Announcement No.: 2026-006

Chenzhan Optoelectronics (Xiamen) Co., Ltd.

Regarding the increase in 2026

Announcement of expected daily related-party transaction amount

The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete, and that there are no false records, misleading statements or major omissions.

Important content reminder:

1. Whether it needs to be submitted to the shareholders’ meeting for review: No

2. The impact of the new daily related transactions on the listed company: Chenzhan Optoelectronics (Xiamen) Co., Ltd. (hereinafter referred to as the "Company", "Chenzhan Optoelectronics") The expected related transactions this time belong to the company's daily related transactions. Based on the principle of fairness and reasonableness, the transaction price is based on the market price, and the payment arrangements, settlement methods, etc. are determined by both parties through consultation with reference to market industry practices. There will be no behavior that damages the interests of the company and all shareholders, it will not affect the company's independence, and it will not form a greater dependence on related parties.

1. Basic situation of daily related transactions

(1) Review procedures for the performance of daily related transactions

The company held the 14th meeting of the third board of directors and the first special meeting of independent directors in 2025 on November 25, 2025. It held the second extraordinary shareholders' meeting in 2025 on December 11, 2025, and reviewed and approved the "Proposal on Estimated Daily Related Transactions in 2026". For details, please refer to the company's "Certificate" in the designated information disclosure media. The "Announcement on Estimated Daily Related Transactions in 2026" (Announcement No.: 2025-069) and the "Announcement on the Resolution of the Second Extraordinary Shareholders Meeting in 2025" (Announcement No.: 2025-075) disclosed by Securities Times, China Securities Journal, Shanghai Securities News, Securities Daily and cninfo.com (www.cninfo.com.cn).

The company held the 15th meeting of the third board of directors on February 11, 2026, and reviewed and approved the "Proposal on Increasing the Estimated Daily Amount of Related Transactions in 2026". In 2026, the company and its subsidiaries expect to increase the daily related purchase amount to the related party Shaanxi Ruixun Electronic Information Technology Co., Ltd. (hereinafter referred to as "Shaanxi Ruixun") by 30 million yuan, and increase the daily related sales amount by 25 million yuan. After the addition, daily related purchases from Shaanxi Ruixun in 2026 will be implemented within a quota range with a total amount expected to not exceed 75 million yuan, and related sales will be implemented within a quota range with a total amount expected to not exceed 55 million yuan.

According to the "Shenzhen Stock Exchange Stock Listing Rules" and the "Articles of Association" and other relevant regulations, this proposal does not need to be submitted to the shareholders' meeting for review.

The specific situation is as follows:

(1) Types and amounts of daily related transactions expected to increase

Unit: RMB 10,000

Note: The above estimated amounts do not include tax.

2. Introduction to related parties and related relationships

(1) Basic information on related parties

Name: Shaanxi Ruixun Electronic Information Technology Co., Ltd.

Unified social credit code: 91610000661171261B

Type: Limited liability company (natural person investment or holding)

Residence: 11th Floor, Building A, Xi'an National Digital Publishing Base, No. 996, Tiangu 7th Road, Software New City, High-tech Zone, Xi'an City, Shaanxi Province

Legal representative: Wang Shaofeng

Registered capital: RMB 15,428,571

Date of establishment: May 14, 2007

Business scope: development, production and sales of intelligent instruments, intelligent equipment and Internet of Things products; development, production and sales of embedded computer software and hardware; design and construction of network engineering, intelligent building engineering, water conservancy and hydropower engineering, and industrial automation engineering; communication equipment installation engineering and technical services; computers and peripheral equipment, electronic components, communication equipment, electronics Sales of equipment, office supplies, and network equipment, and technical consulting services; business information consulting (excluding financial, securities, futures, and fund investment consulting); research and development of independent lending equipment software and hardware; book sales; book rental services; e-commerce technology development; advertising design, production, agency, and release; sales of prepackaged foods, daily necessities, and household items. (Projects that require approval according to law can only carry out business activities after approval by relevant departments)

As of September 30, 2025, the total assets were 46,307,299.12 yuan, and the net assets were -9,074,093.7 yuan; the operating income from January to September 2025 was 45,468,275.68 yuan, and the net profit was -3,233,468.97 yuan.

(2) Related relationships with listed companies

(3) Analysis of contract performance capabilities

The above-mentioned related parties continue to operate in accordance with the law, have good production and operation conditions and financial status, are not dishonest persons subject to enforcement, and have good performance capabilities.

3. Main contents of related-party transactions

Related transactions between the company and its holding company and the above-mentioned related parties include the procurement of raw materials, product sales, R&D, design and manufacturing services required for daily operations. The transactions will follow fair pricing principles, negotiate pricing based on market prices, and conduct transactions and settlements in accordance with the methods agreed in the agreement.

4. Purpose of related transactions and impact on the company

This increase in the daily related transaction quota is because the purchase and sales prices of some products have increased significantly compared with the originally expected prices. The originally expected related transaction quota cannot satisfy the daily operating transactions of the company, its holding subsidiaries and related parties. The above-mentioned related-party transactions belong to the normal business scope of the production and operation activities of the company, its holding companies and related parties. They can make full use of the resources owned by all parties, achieve reasonable allocation of resources and win-win cooperation, and promote the sustainable and stable development of the company and its holding companies. At the same time, all related transactions are based on market prices, follow the principle of fairness and reasonableness, and are in the overall interests of the company and all shareholders. There will be no damage to the rights and interests of the company and small and medium-sized shareholders, and will not affect the independence of the company and its holding company. The main business of the company and its holding company will not be dependent on related parties due to related transactions.

5. Documents available for inspection

1. Resolution of the 15th meeting of the company’s third board of directors;

2. Resolution of the first special meeting of the company’s independent directors in 2026.

Announcement is hereby made.

Chenzhan Optoelectronics (Xiamen) Co., Ltd.

Board of Directors

February 13, 2026

Securities code: 003019 Securities abbreviation: Chenzhan Optoelectronics Announcement No.: 2026-007

Chenzhan Optoelectronics (Xiamen) Co., Ltd.

About convening the first extraordinary shareholders' meeting in 2026

notification

The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete, and contains no false records, misleading statements or major omissions.

1. Basic information on convening a meeting

1. Shareholders’ meeting session: the first extraordinary shareholders’ meeting in 2026

2. Convener of the shareholders’ meeting: Board of Directors

3. The convening and holding of this meeting complied with the relevant provisions of the "Company Law of the People's Republic of China", "Shenzhen Stock Exchange Stock Listing Rules", "Shenzhen Stock Exchange Self-Regulatory Guidelines for Listed Companies No. 1 – Standardized Operation of Main Board Listed Companies" and other laws, administrative regulations, departmental rules, normative documents and the "Articles of Association".

4. Meeting time:

(1) On-site meeting time: 16:00 on March 19, 2026

(2) Online voting time: The specific time for online voting through the Shenzhen Stock Exchange system is 9:15-9:25, 9:30-11:30, 13:00-15:00 on March 19, 2026; the specific time for voting through the Shenzhen Stock Exchange Internet voting system is any time from 9:15 to 15:00 on March 19, 2026.

5. How the meeting will be held: a combination of on-site voting and online voting.

6. Equity registration date for the meeting: March 13, 2026

7. Participants:

(1) All ordinary shareholders of the company registered in the Shenzhen Branch of China Securities Depository and Clearing Co., Ltd. after the market closes in the afternoon of March 13, 2026 (equity registration date) have the right to attend this shareholders’ meeting, and can entrust a proxy to attend the meeting and vote in writing (see Appendix 2 for the “Power of Attorney”). The shareholder’s proxy does not have to be a shareholder of the company.

(2) Company directors and senior managers;

(3) Lawyers hired by the company;

(4) Other persons who should attend the shareholders' meeting according to relevant laws and regulations.

8. Meeting location: Company Conference Room, No. 60, Xinglin South Road, Jimei District, Xiamen City, Fujian Province

2. Matters to be considered at the meeting

1. Coding list of proposals for this shareholders’ meeting

The above proposal has been reviewed and approved at the 15th meeting of the company's third board of directors and agreed to be submitted to the company's first extraordinary shareholders' meeting in 2026 for review. For details of the above proposals, please refer to the relevant announcements disclosed by the company on February 13, 2026 in Securities Times, China Securities Journal, Shanghai Securities News, Securities Daily and cninfo.com (www.cninfo.com.cn): "Announcement on the Resolution of the Fifteenth Meeting of the Third Board of Directors" (Announcement Number: 2026-004), "Announcement on Increasing Capital to Subsidiaries and Building Overseas Intelligent Manufacturing Bases" (Announcement Number: 2026-005).

Special instructions:

1. Proposal 1.00 is an ordinary resolution and should be passed by more than half of the voting rights held by shareholders (including shareholders’ agents) present at the shareholders’ meeting.

2. In accordance with the relevant requirements of the "Rules of Shareholders' Meetings of Listed Companies" and the "Shenzhen Stock Exchange Self-Regulatory Guidelines for Listed Companies No. 1 – Standardized Operations of Main Board Listed Companies", the resolutions reviewed at this meeting will separately count the votes of small and medium investors and make public disclosures in a timely manner. (Small and medium-sized investors refer to shareholders other than directors, senior managers of listed companies and shareholders who individually or collectively hold more than 5% of the shares of listed companies.)

3. Meeting registration and other matters

(1) Registration method: On-site registration, registration by letter or fax

(2) Meeting registration time: March 17, 2026, 09:00-11:30 am, 13:30-17:00 pm

(3) Meeting registration location: Company Conference Room, No. 60, Xinglin South Road, Jimei District, Xiamen City

(4) Registration procedures

1. Registration of legal person shareholders: If the legal representative of a legal person shareholder attends, he must hold a shareholder account card, a copy of the business license with the official seal of the legal person shareholder, a certificate of legal representative and an ID card to complete the registration procedures; if an agent is appointed to attend, he must also hold a power of attorney signed by the legal representative (see attachment 2 for the format) and the agent's ID card.

2. Registration of natural person shareholders: If a natural person shareholder attends, he must hold the shareholder account card, shareholding certificate and personal ID card to register; if he entrusts an agent to attend, he must also hold a power of attorney signed by the natural person shareholder and the agent's ID card.

3. Non-resident shareholders can register by fax, letter or email. Telephone registration is not accepted.

Shareholders please carefully fill in the "Shareholder Registration Form" (Appendix 3) for registration confirmation. Faxes and letters should be delivered to the company before 17:00 on March 17, 2026. Please mark the letter "Shareholders' Meeting" on the letter.

4. Meeting contact information

Contact address: No. 60, Xinglin South Road, Jimei District, Xiamen City (Postal Code: 361022)

Contact person: Zhong Baian, Zhang Yuhua

Email: IR@tes-tec.com

Contact number: 0592-6681616

Fax: 0592-6681056

5. This meeting will last for half a day. Shareholders attending the meeting will be responsible for their own food, accommodation and transportation expenses.

4. Specific operational procedures for participating in online voting

At this shareholders' meeting, the company will provide shareholders with an online platform. Shareholders can participate in voting through the Shenzhen Stock Exchange trading system and the Internet voting system (http://wltp.cninfo.com.cn). The specific operating procedures for online voting are shown in Appendix 1.

5. Documents available for inspection

1. Resolution of the 15th meeting of the company’s third board of directors.

Announcement is hereby made.

Chenzhan Optoelectronics (Xiamen) Co., Ltd.

Board of Directors

February 13, 2026

Attachment 1:

Specific procedures for participating in online voting

1. Online voting procedures

1． The voting code and voting abbreviation of ordinary shares: the voting code is “363019” and the voting abbreviation is “Chen Zhan Voting”.

2. Fill in the voting opinions or the number of electoral votes.

For non-cumulative voting proposals, fill in the voting opinions: agree, oppose, abstain.

3． Shareholders voting on the general proposal are deemed to express the same opinions on all other proposals except cumulative voting proposals.

When shareholders vote repeatedly on the general proposal and specific proposals, the first valid vote shall prevail. If shareholders vote on specific proposals first and then vote on the general proposal, the voting opinions on the specific proposals that have been voted on shall prevail, and for other unvoted proposals, the voting opinions on the general proposal shall prevail. If shareholders vote on the general proposal first and then vote on the specific proposals, the voting opinions on the general proposal shall prevail.

2. Voting procedures through the Shenzhen Stock Exchange trading system

1． Voting time: Trading hours on March 19, 2026, namely 9:15-9:25, 9:30-11:30 and 13:00-15:00.

2. Shareholders can log in to the securities company's trading client to vote through the trading system.

3. Voting procedures through the Shenzhen Stock Exchange’s Internet voting system

1． The voting time of the Internet voting system is March 19, 2026, from 9:15 to 15:00.

2. Shareholders who vote online through the Internet voting system must go through identity authentication in accordance with the "Implementation Rules for Online Voting of Shareholders Meetings of Listed Companies of Shenzhen Stock Exchange" and "Operation Instructions for Shareholder Identity Authentication of Internet Voting Business of Shenzhen Stock Exchange" and obtain a "Shenzhen Stock Exchange Digital Certificate" or "Shenzhen Stock Exchange Investor Service Password." The specific identity authentication process can be found in the Rules and Guidelines column of the Internet voting system https://wltp.cninfo.com.cn.

3． Based on the service password or digital certificate obtained, shareholders can log in to https://wltp.cninfo.com.cn to vote through the Shenzhen Stock Exchange’s Internet voting system within the specified time.

Attachment 2:

Chenzhan Optoelectronics (Xiamen) Co., Ltd.

Power of Attorney for the First Extraordinary Meeting of Shareholders in 2026

I hereby authorize Mr./Ms. to represent the unit/I to attend the first extraordinary shareholders meeting of 2026 held by Chenzhan Optoelectronics (Xiamen) Co., Ltd. on March 19, 2026 (Thursday), and to vote on the following proposals on behalf of the unit/I in accordance with the following instructions and sign the relevant documents of this shareholders' meeting. The principal’s voting instructions for the trustee are as follows:

Opinion form for voting on proposals at this shareholders’ meeting

Note: 1. The above proposals are non-cumulative voting proposals. The principal’s instructions to the trustee shall be based on ticking “√” in the corresponding columns of “Agree”, “Objection” and “Abstain”. There shall not be two or more instructions for the same deliberation matter.

2. The validity period of the power of attorney is from the date when the power of attorney is signed to the end of this meeting.

3. If a legal person shareholder is represented by a proxy entrusted by the legal representative to attend the meeting, the power of attorney shall be signed by the legal representative and stamped with the seal of the legal person shareholder.

Client/unit (signature and seal):

Client’s identity document number/unit business license number:

Client contact information:

Client/unit stock account number:

Number of shares held by the client/unit:

Trustee (signature):

Trustee ID number:

Commission date:

Attachment 3:

Chenzhan Optoelectronics (Xiamen) Co., Ltd.

Registration form for the first extraordinary shareholders’ meeting in 2026

Note:

1. Please fill in the above information in block letters (must be the same as what is stated in the shareholder register).

2. Please fill in the number of shares held as of the equity registration date.

3. The completed and signed shareholder registration form should be delivered to the company before 17:00 on March 17, 2026, by fax (0592-6681056), letter or email (IR@tes-tec.com). Telephone registration is not accepted.

4. Newspaper clippings, copies of the above-mentioned shareholder registration forms or self-made ones in the above format are all valid.

Signature (seal) of shareholder: ____________________________

Date: year month day

Securities code: 003019 Securities abbreviation: Chenzhan Optoelectronics Announcement No.: 2026-004

Chenzhan Optoelectronics (Xiamen) Co., Ltd.

Resolution of the 15th meeting of the third board of directors

announcement

The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete, and that there are no false records, misleading statements or major omissions.

1. Convening of board of directors meetings

The notice of the 15th meeting of the third board of directors of Chenzhan Optoelectronics (Xiamen) Co., Ltd. (hereinafter referred to as the "Company") was sent by email on February 6, 2026. The meeting was held on February 11, 2026 in the company's conference room via video on site. 8 directors should be present at this meeting, but 8 directors were actually present. The meeting was convened and chaired by Chairman Cai Zongliang, and the company's senior executives attended the meeting.

The convening and holding procedures of this meeting are in compliance with the relevant provisions of the Company Law of the People's Republic of China and the Articles of Association of Chenzhan Optoelectronics (Xiamen) Co., Ltd. (hereinafter referred to as the "Articles of Association") and other laws, regulations and rules.

2. Review status of board of directors meeting

After careful deliberation by all directors, the following proposals were adopted:

(1) The "Proposal on Increasing Capital to Subsidiaries and Building Overseas Intelligent Manufacturing Bases" was reviewed and approved

In order to implement the company's "globalization strategy" plan, continuously improve the global business layout, and reduce the impact of the increasingly complex international trade pattern on the company's business development, the company plans to first increase capital to the company's wholly-owned subsidiary TES Technology (Hong Kong) Limited (hereinafter referred to as "Hong Kong Chenzhan") with 650 million yuan (or equivalent foreign currency) of its own funds or funds raised in other ways. After the capital increase is completed, the equivalent amount will be transferred to TES Technology (Thailand) Co., Ltd. through Hong Kong Chenzhan. Ltd. (hereinafter referred to as "Thailand Chenzhan") will increase capital. The capital increase will be used by Thailand Chenzhan to build an overseas intelligent manufacturing base. At the same time, the company's operating management will be authorized to handle all relevant matters involved in this foreign investment, including but not limited to the operating management's ability to adopt flexible ways to adjust and respond according to the international economic and trade situation and changes in Thai policies.

This proposal has been reviewed and approved at the third meeting of the Strategy Committee of the third board of directors of the company.

For details, please refer to the "Announcement on Increasing Capital to Subsidiaries and Building Overseas Intelligent Manufacturing Bases" (announcement number: 2026-005) disclosed by the company on the same day in the designated information disclosure media "Securities Times", "China Securities News", "Shanghai Securities News", "Securities Daily" and cninfo.com (www.cninfo.com.cn).

Voting results: 8 votes in favor, 0 votes against, and 0 abstentions.

This proposal still needs to be submitted to the company's first extraordinary shareholders' meeting in 2026 for review.

(2) The "Proposal on Increasing the Estimated Daily Amount of Related Transactions in 2026" was reviewed and approved

Based on daily production and operation needs, the company and its subsidiaries expect to increase the daily related purchase amount to the related party Shaanxi Ruixun Electronic Information Technology Co., Ltd. (hereinafter referred to as "Shaanxi Ruixun") by 30 million yuan and the new daily related sales amount by 25 million yuan in 2026. After the addition, daily related purchases from Shaanxi Ruixun in 2026 will be implemented within a quota range with a total amount expected to not exceed 75 million yuan, and related sales will be implemented within a quota range with a total amount expected to not exceed 55 million yuan.

This proposal has been reviewed and approved by the company’s first special meeting of independent directors in 2026.

For details, please refer to the "Announcement on Increasing the Estimated Daily Amount of Related Transactions in 2026" (Announcement No.: 2026-006) disclosed by the company on the same day in the designated information disclosure media "Securities Times", "China Securities News", "Shanghai Securities News", "Securities Daily" and cninfo.com (www.cninfo.com.cn).

Voting results: 8 votes in favor, 0 votes against, and 0 abstentions.

(3) The "Proposal on Convening the Company's First Extraordinary Shareholders' Meeting in 2026" was reviewed and approved

The company is scheduled to hold the first extraordinary shareholders meeting in 2026 at 16:00 on March 19, 2026 (Thursday) in the company conference room at No. 60, Xinglin South Road, Jimei District, Xiamen City.

For details, please refer to the "Notice on Convening the First Extraordinary Shareholders Meeting in 2026" (announcement number: 2026-007) disclosed by the company on the same day in the designated information disclosure media "Securities Times", "China Securities News", "Shanghai Securities News", "Securities Daily" and cninfo.com (www.cninfo.com.cn).

Voting results: 8 votes in favor, 0 votes against, and 0 abstentions.

3. Documents available for inspection

1. Resolution of the 15th meeting of the company’s third board of directors;

2. Resolution of the first special meeting of the company’s independent directors in 2026;

3. Resolution of the third meeting of the Strategy Committee of the third board of directors of the company.

Announcement is hereby made.

Chenzhan Optoelectronics (Xiamen) Co., Ltd.

Board of Directors

February 13, 2026

Securities code: 003019 Securities abbreviation: Chenzhan Optoelectronics Announcement No.: 2026-005

Chenzhan Optoelectronics (Xiamen) Co., Ltd.

Regarding increasing capital in subsidiaries and building overseas intelligence

Manufacturing base announcement

The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete, and that there are no false records, misleading statements or major omissions.

Special tips:

1. Chenzhan Optoelectronics (Xiamen) Co., Ltd. (hereinafter referred to as the "Company" or "Chenzhan Optoelectronics") plans to increase capital to the company's wholly-owned subsidiary TES Technology (Hong Kong) Limited (hereinafter referred to as "Hong Kong Chenzhan") with RMB 650 million (or the equivalent in foreign currency) from its own funds or funds raised in other ways. After the capital increase is completed, the equivalent amount will be transferred to TES Technology (Thailand) Co., Ltd. through Hong Kong Chenzhan. Ltd. (hereinafter referred to as "Thailand Chenzhan") will increase capital for the construction of overseas intelligent manufacturing base projects (hereinafter referred to as "this foreign investment project"). The total investment involved is the planned investment scale, which may be adjusted based on specific circumstances such as subsequent fund raising, project progress, filing and approval, etc. There is a risk that the actual investment amount will differ from the investment plan.

2. The main implementation entity of this external investment project is Thailand Chenzhan. The company requested the shareholders meeting to authorize the chairman of the company to increase capital in Thailand Chenzhan within the scope of the total investment in a timely manner and determine the amount of capital increase.

3. During the specific implementation process of this external investment project, there may be unpredictable risks such as changes in the market environment and adjustments to industrial policies. The impact on the company's future annual operating performance will be determined based on the progress and implementation of the specific project. It will not have a significant impact on the company's current operating performance.

4. This external investment project still needs to be submitted to the company’s shareholders’ meeting for review. This external investment involves capital outbound matters, which still needs approval from the relevant local authorities in China and Thailand. There is a certain degree of uncertainty in the approval results.

5. The final financial data of Hong Kong Chenzhan and Thailand Chenzhan shall be subject to the audit report issued by the accounting firm. The company will disclose it after the audit report is issued and before the relevant shareholders' meeting is held.

1. Overview of this foreign investment project

In order to implement the company's "globalization strategy" plan, continuously improve the global business layout, and reduce the impact of the increasingly complex international trade pattern on the company's business development, the company held the 15th meeting of the third board of directors on February 11, 2026, and reviewed and approved the "Proposal on Increasing Capital to Subsidiaries and Building Overseas Intelligent Manufacturing Bases", and agreed that the company would first raise RMB 650 million (or the equivalent in foreign currency) with its own funds or other means. The capital increase will be made to the company's wholly-owned subsidiary Hong Kong Chenzhan. After the capital increase is completed, the capital will be increased by an equivalent amount to Thailand Chenzhan through Hong Kong Chenzhan. The capital increase will be used for Thailand Chenzhan to build an overseas intelligent manufacturing base. At the same time, the company's operating management will be authorized to handle all relevant matters involved in this foreign investment, including but not limited to the operating management can adopt flexible ways to adjust and respond according to the international economic and trade situation and changes in Thai policies.

As of now, the company’s cumulative external investment amount within twelve consecutive months is US$24 million (for details, please refer to the company’s announcement on July 24, 2025 in the designated information disclosure media "Securities Times", "China Securities News", "Shanghai Securities News", "Securities Daily" and Juchao Information Network (www.cnin fo.com.cn) disclosed the "Announcement on Increasing the Capital Increase Amount to Subsidiaries" (Announcement No.: 2025-049)). According to the "Shenzhen Stock Exchange Stock Listing Rules", "Articles of Association" and other relevant regulations, this external investment matter still needs to be submitted to the shareholders' meeting for review and approval.

This external investment does not constitute a related transaction, nor does it constitute a major asset restructuring stipulated in the "Administrative Measures for Major Asset Restructuring of Listed Companies".

2. Basic situation of this foreign investment project

(1) Basic situation of the project

1. Project content: The company plans to build an overseas intelligent manufacturing base in Thailand through its wholly-owned subsidiary Thailand Chenzhan to increase the company's overseas production capacity. The project content includes but is not limited to construction investment, equipment investment, etc.

2. Investment scale: It is planned to use RMB 650 million (or equivalent foreign currency) for the construction of this overseas intelligent manufacturing base project.

3. Project location: WHA Rayong Industrial Park, Rayong Province, Thailand

Securities code: 600353 Securities abbreviation: Xuguang Electronics Announcement No.: 2026-009

Indicative announcement from Chengdu Xuguang Electronics Co., Ltd. regarding the imminent expiration of the duration of the first phase of the employee stock ownership plan

The company's board of directors and all directors guarantee that the contents of this announcement do not contain any false records, misleading statements or major omissions, and assume legal responsibility for the authenticity, accuracy and completeness of its contents.

The duration of the first phase of the employee stock ownership plan (hereinafter referred to as: "the employee stock ownership plan", the "employee stock ownership plan") of Chengdu Xuguang Electronics Co., Ltd. (hereinafter referred to as the "Company" or "Xuguang Electronics") will expire on August 20, 2026. According to the China Securities Regulatory Commission's "Guiding Opinions on the Pilot Implementation of Employee Stock Ownership Plans by Listed Companies" and "Shanghai Stock Exchange Self-Discipline Supervision Guidelines for Listed Companies No. 1 – Standardized Operations" and other regulations. The relevant information is now announced as follows:

1. Basic information on the current employee stock ownership plan

The Tenth Meeting of the Ninth Board of Directors held on June 14, 2019 and the Second Extraordinary General Meeting of Shareholders of 2019 held on July 2, 2019 reviewed and approved the "Proposal on the Company's First Employee Stock Ownership Plan (Draft) and its Summary" and related proposals. On August 19, 2019, the employee stock ownership plan obtained 15,281,000 company shares held by the company's special securities account for repurchase through non-trading transfer. The company's 21st meeting of the ninth board of directors held on December 24, 2020 and the first extraordinary shareholders' meeting of 2021 held on January 12, 2021 reviewed and approved the "Proposal on Adjusting the Duration, Locking Period and Performance Assessment Indicators of the Company's First Employee Stock Ownership Plan", that is, extending the duration to August 20, 2024. For details, see Relevant announcements were disclosed in the company's designated information disclosure media "Shanghai Securities News", "Securities Daily" and the website of the Shanghai Stock Exchange (http://www.sse.com.cn) on June 15, 2019, July 3, 2019, August 20, 2019, December 25, 2020, and January 13, 2021. The duration of this employee stock ownership plan is 60 months, starting from the date when the company announces the transfer of the last underlying stock to the name of the employee stock ownership plan, that is, from August 20, 2019 to August 20, 2024. It will terminate automatically after the expiration of the duration, or may be terminated or extended in advance with the approval of the holders' meeting. This employee stock ownership plan will be unlocked in three phases 12 months from the date when the company announces the transfer of the last underlying stock to the name of the employee stock ownership plan.

After deliberation and approval at the first holders' meeting of the company's first phase of the employee stock ownership plan in 2024 and the 25th meeting of the tenth board of directors, based on the confidence in the company's continued and stable development in the future and the judgment of the company's stock value, it was agreed to extend the duration of the employee stock ownership plan by 12 months, that is, the duration was extended to August 20, 2025. For details, please refer to the "Announcement on Extending the Duration of the First Employee Stock Ownership Plan" disclosed by the company on April 27, 2024 in the company's designated information disclosure media "Shanghai Securities News", "Securities Daily" and the Shanghai Stock Exchange website (http://www.sse.com.cn).

After deliberation and approval at the first holders' meeting of the company's first phase of the employee stock ownership plan in 2025 and the eighth meeting of the 11th board of directors, it was agreed to extend the duration of the employee stock ownership plan for another 12 months, that is, the duration was extended to August 20, 2026. For details, please refer to the "Announcement on Extending the Duration of the First Employee Stock Ownership Plan" disclosed by the company on April 29, 2025 in the company's designated information disclosure media "Shanghai Securities News", "Securities Daily" and the Shanghai Stock Exchange website (http://www.sse.com.cn).

2. Shareholding status of the employee stock ownership plan as of the date of this announcement

As of the disclosure date of this announcement, all shares in the third phase of the employee stock ownership plan have been unlocked, and the duration will expire on August 20, 2026. Currently, the company's first employee stock ownership plan holds 6,718,880 shares, accounting for 0.81% of the total share capital.

3. Duration and termination of employee stock ownership plan

(1) Duration of the employee stock ownership plan

1. The duration of this employee stock ownership plan is 84 months, starting from the date when the company announces the transfer of the last underlying stock to the name of this employee stock ownership plan.

2. The employee stock ownership plan will terminate automatically upon expiration.

All company stocks held by the employee stock ownership plan are sold, and this stock ownership plan can be terminated early.

(2) Disposal of shares after the expiration of the employee stock ownership plan

1. Before the expiration of the duration of the employee stock ownership plan, the duration of the employee stock ownership plan can be extended with the consent of more than 2/3 of the shares held by the holders attending the holder meeting of the employee stock ownership plan and submission to the company's board of directors for review and approval.

2. If the company's stocks held by the employee stock ownership plan cannot be fully liquidated before the expiration of the upper limit of the duration due to suspension of trading of the company's stocks or a short window period, etc., the duration of the employee stock ownership plan can be extended with the consent of more than 2/3 of the shares held by the holders attending the holders' meeting and submission to the board of directors for review and approval.

3. The management committee shall complete the liquidation within 20 working days after the termination of the employee stock ownership plan and distribute the property in proportion to the shares held by the holders.

4. During the existence of the employee stock ownership plan, the management committee may allocate cash in the capital account of the employee stock ownership plan to the holders based on the authorization of the holders’ meeting.

5. After the lock-in period of the employee stock ownership plan expires, when the underlying stocks held by the employee stock ownership plan are sold to obtain cash or other distributable income, the employee stock ownership plan can be distributed in each fiscal year. The management committee will distribute the shares according to the proportion of the holder's shares to the total shares of the stock ownership plan after deducting relevant taxes and plan payables in accordance with the law.

4. Other instructions

The company will continue to pay attention to the progress of the implementation of the employee stock ownership plan and timely fulfill its information disclosure obligations in accordance with relevant laws and regulations. Investors are kindly requested to pay attention to relevant announcements and pay attention to investment risks.

Announcement is hereby made.

Board of Directors of Chengdu Xuguang Electronics Co., Ltd.

February 13, 2026

On the eve of the Spring Festival, municipal regulatory authorities in many places across the country issued compliance guidelines for Spring Festival food delivery, warning relevant food delivery platforms to compete rationally. Among them, Xinyang City in Henan Province, Nanyang City, Bengbu City in Anhui Province, Shantou City in Guangdong Province, Wenchang City in Hainan Province, Liaoyang City in Liaoning Province and other places require that food delivery platforms immediately stop the "involvement" vicious competition of low quality and low price, and are not allowed to organize vicious subsidies and low-price dumping to ensure the stability of the Spring Festival food delivery market.

On February 6, the Xinyang Municipal Market Supervision and Administration Bureau issued a reminder and warning on takeout during the Spring Festival, in which prominent issues such as "takeout involution" and "price war" were highlighted in the warning. For example, the warning letter pointed out that practices such as continuing to increase subsidy investment and using low-price dumping as the core strategy not only deviate from the country's policy guidance on the "standardized, healthy and sustainable development" of the platform economy, but also seriously squeeze the living space of small and medium-sized merchants and disrupt the industry ecology.

The Nanyang Municipal Market Supervision Department requires that unfair means such as "choose-one", data monopoly, big data manipulation, and technical blocking are not allowed to restrict competition, and that no one is allowed to organize or participate in behaviors that disrupt market order, such as vicious subsidies and low-price dumping for the purpose of squeezing out competitors.

Xinyang Market Supervision issued a Spring Festival takeout reminder and warning.

The market supervision departments of Xinyang City, Bengbu City and other places have made clear requirements to put an end to "involution" vicious competition. Platforms should abandon the extensive competition model of "fighting for subsidies, fighting prices, and controlling traffic". They should not use continuous subsidies to take "share growth" as the highest strategic goal. The industry should transform from "capital consumption" to "value creation" and build a market order of high quality, good price, and healthy competition.

Bengbu Market Supervision Bureau issued compliance guidelines for Spring Festival takeaways.

In addition, the regulation of promotional behavior has also been focused on. Municipal supervision departments in many places have clearly stated that "it is strictly prohibited to force or covertly force operators on the platform to participate in promotional activities. Merchants must not be forced to participate in platform activities by lowering search rankings, setting unreasonable thresholds or exerting implicit pressure. Service agreements, transaction rules, technical means, etc. must not be used to unreasonably restrict merchants' price behavior."

The Paper noted that some regional catering industry associations also issued a document before the Spring Festival, calling for strengthening industry self-discipline and stopping the "involution" competition of low quality and low price. On February 10, the Gansu Catering and Cooking Industry Association mentioned in an initiative that the subsidy war in the takeout market in 2025 will transform the original quality competition and service competition into a competition for capital tolerance, resulting in the damage to the independent pricing rights of small and medium-sized merchants, weakening their bargaining power, and squeezing the profit margins of the offline real economy. The association called for rectification of "involvement" industry competition and stabilization of the order of the catering market.

The Gansu Provincial Catering and Cooking Industry Association issued a takeaway competition proposal before the Spring Festival.

From the perspective of policy background, the negative effects caused by "involvement" competition have attracted great attention from regulatory authorities. The Central Economic Work Conference made "deeply rectifying 'involution' competition" a key task in economic work; "Qiushi" published a review article on "deeply rectifying 'involution' competition", clearly stating that "some platforms have fallen into the abnormal development logic of 'scale takes precedence over profitability' and use a large amount of financing for price subsidies rather than technology research and development, resulting in intensified 'involution' competition."

Specific to the food delivery industry, the policy signal of “anti-involution” has been very clear. An interview with a food delivery platform regarding the "subsidy war" for food delivery was listed by the State Administration for Market Regulation as one of the top ten typical cases of comprehensive rectification of "involutionary" competition in 2025. The State Administration for Market Regulation interviewed food delivery platforms twice in May and July 2025, requiring the platforms to fully understand the negative effects of low-price and disorderly competition, compete fairly, orderly and rationally, and promote the establishment of a win-win industry ecosystem for all parties.

Entering 2026, the Office of the Anti-Monopoly and Anti-Unfair Competition Commission of the State Council announced on January 9 that it would conduct an investigation and assessment of the market competition situation in the food delivery platform service industry, and address prominent issues such as subsidy competition, price competition, and traffic control.

As the Spring Festival approaches, market regulatory authorities across the country collectively issued a document to carry out preventive supervision of low-priced takeaways. This will help promptly identify risks, guide compliance, build consensus, continue to consolidate a market environment of fair competition, and maintain market order and stability during the Spring Festival.

Under the warm winter sun, in the 6G Xintong Intelligent Valley located in Sijing Town, Songjiang District, the modern glass curtain wall building reflects the gleaming light. In the shared space, several engineers are discussing satellite communication test data; in the proof-of-concept laboratory, computers are undergoing extreme environment simulation tests. This industrial park with a total construction area of ​​123,000 square meters has become the core carrier for the layout of the new generation of information technology industry in Sijing Town, Songjiang, Shanghai.

"We are taking 'accelerating the large-scale application of 5G-A and consolidating the original source of 6G' as the two-wheel drive to build an industrial ecosystem of '6G+satellite+AI'." Gu Guoping, general manager of Sijing Town Economic and Technological Development Company, said that relying on chain master enterprises such as Quectel and Intelligent Patrol Password, the 6G innovation ecosystem has been accelerated, and the scale of the new generation information technology industry has continued to expand, with output benefits exceeding 10 billion for four consecutive years and maintaining double-digit growth.

Space empowerment to build a new industrial ecological pattern

The development of the new generation of information technology industry in Sijing Town benefits from scientific spatial layout and precise functional positioning. An area of approximately 1 square kilometer has been designated as a 6G future industry cluster, with 60 acres of space in the 6G Xintong Smart Valley as the core carrying area, focusing on R&D incubation and concept verification. Currently, more than 120 companies have gathered in the park, including 40 companies related to the 6G industry chain; The industry pilot area covers an area of about 1,200 acres, focusing on undertaking the engineering implementation of innovative achievements, and reserves development space for high-growth enterprises; the linkage development area covers an area of about 350 acres, connecting leading enterprises such as Quectel Global R&D Headquarters and Chuangyuan Telecommunications Headquarters to form an industrial chain synergy.

"Different from simple enterprise agglomeration, we pay more attention to functional complementarity and ecological synergy." Gu Guoping took the interaction between enterprises in the park as an example. "A brain-computer interface company and the smart glasses R&D team are only across the building from each other. This spatial proximity has promoted their cooperation in the field of health monitoring terminals."

Full-chain services to cultivate new productivity

According to Wei Yuanming, general manager of Guoke Zhongsong Company, the operator of the park, the key to cultivating future industries lies in cracking the "valley of death" in the innovation chain. "We have built platforms such as concept verification laboratories and industrial technology research institutes to provide enterprises with full life cycle services from technology research and development to market expansion."

The rapid development of Yixing Lingguang Technology Co., Ltd. is a vivid reflection of this kind of service. As the first space-based computing infrastructure provider in China, the company focuses on the research and development of space-borne computers and independent controllable operating systems. "The testing and verification platform and industrial chain docking services provided by the park have helped us solve the key leap from technology to products." said Fan Yiyan, the company's relevant person in charge. At present, the company has received tens of millions of orders from leading commercial aerospace companies.

At the same time, the park innovated the "base + fund" model and established a special fund of 100 million yuan for the "Eagle Cultivation Plan" and a 300 million yuan 6G industry incubation fund. The 6G industry incubation fund adopts a dual-GP operation model, with the first batch of 70 million yuan of funds in place, of which China Investment invested 20 million yuan, the park invested 10 million yuan, and Sijing Town invested 40 million yuan. The first batch of 3-5 investment projects are being selected, covering key areas such as 6G and satellite communications.

In terms of element guarantee, the Songjiang District New Quality Talent Service Center has entered the renovation stage and will provide a core service area of ​​680 square meters and a shared space of 4,000 square meters. Sijing Town has joined forces with the District Talent Bureau, Science and Technology Commission, Economic Commission, Investment Promotion Center and other departments to solve the settlement problem for some talents with special contributions, and is exploring a "green channel for the children of talents to enroll." At the same time, 377 affordable rental housing units are expected to be put into use by the end of the year.

The blueprint is drawn to create a 100-billion-level industrial cluster.

According to the plan, by 2030, Sijing Town will have an annual industrial scale of 50 billion yuan for intelligent terminals and communication modules, and 40 billion yuan for air, space and ground integrated networks. At present, the construction of a number of key projects has achieved remarkable results – Quectel Global Headquarters was officially launched, the "Six-Pole Starcom" incubator was successfully rated as a "District-level High-Quality Incubator", the "Songjiang District Air-Space-Ground Integrated AI Fusion Technology Concept Verification Center" built by Xinweifan, the "Songjiang District Advanced Functional Materials and Intelligent Device Concept Verification Center" built by Chuangyuan Xinke and the "Songjiang District Future Manufacturing Concept Verification Center" built by Jiaoceyuan were successfully rated as "District-level Concept Verification Center".

The putting into use of Chuangyuan Information Technology's headquarters base has injected new momentum into industrial upgrading. The person in charge of the company said: "From 3G to 5G, and then to the ongoing 6G, we have always resonated with the development of China Mobile Communications. The high-quality innovation environment in Sijing Town has provided strong support for the development of enterprises."

Standing at a new starting point, Sijing Town is continuing to optimize the business environment through measures such as "vacating cages for birds" of inefficient land use and deepening the linkage of the Yangtze River Delta G60 Science and Technology Innovation Corridor. With the planning and construction of the west extension of Line 12, the location advantage here will be further highlighted. A development picture with innovation as the background and industry as the engine is slowly unfolding in this hot land.

On February 10, the world's first 10 kV/1 MW hollow annular superconducting shunt reactor, jointly developed by State Grid Shanghai Electric Power Company and Shanghai Jiao Tong University and other units, was officially put into operation at the 35 kV Gulong substation. This move marks another major breakthrough in my country's research and development and engineering application of superconducting power equipment, providing innovative solutions for the upgrading of global urban power grids.

The world's first 10 kV/1 MW hollow ring superconducting shunt reactor was successfully put into operation

As a key equipment to ensure the stable operation of the power grid, traditional shunt reactors have problems such as large size, high noise, and limited installation. They are difficult to adapt to the needs of tight land resources and strict environmental standards in urban central areas. The superconducting shunt reactor put into operation this time uses "zero resistance, high flow" superconducting materials and is designed with a coreless ring topology. It covers an area of ​​less than 6 square meters, which is more than 60% smaller than traditional equipment. The operating noise is less than 60 decibels, and the spatial magnetic leakage is almost zero. It can be plug-and-play and seamlessly connected to the existing substation system.

Members of the superconducting reactor project are working on the start-up and operation of the 10 kV No. 1 superconducting reactor at the 35 kV Gulong Station.

The Gulong substation where the superconducting reactor was installed this time is located in the main urban area of ​​Minhang, serving 22,000 residents and many schools. During the low load period, it often faces the problem of reactive power transmission of about 1 megawatt, resulting in voltage fluctuations and reduced power quality. The commissioning of superconducting reactors effectively fills the gap in inductive reactive power compensation and significantly improves voltage stability.

Superconducting shunt reactor body and its supporting refrigeration equipment

The birth of this "important weapon of the country" took two years of research. In January 2024, the joint industry-university-research team officially started the research and development work, and has successively overcome a number of world-class technical problems, and completed the development of prototypes and refrigeration systems by the end of 2025.

Members of the superconducting reactor project are conducting power transmission operations for the 10 kV No. 1 superconducting reactor at the 35 kV Gulong Station

The successful implementation of this equipment not only solved the structural problem of reactive power compensation in urban power grids (reactive power compensation is a technology that plays a role in improving the power factor of the power grid, reducing the losses of power supply transformers and transmission lines, increasing power supply efficiency, and improving the power supply environment in the power supply system), but also promoted my country's superconducting power equipment industry to move towards the high end of the global value chain. This technology is expected to be widely used in scenarios such as the renovation of old urban stations and the construction of new stations, injecting new momentum into the construction of a safe, efficient, and low-carbon new power system.

CCTV's comedy variety show "Laughter Has a New Life" recently concluded. In the hit work "My Praise", actress Barbie plays an AI crosstalk comic, combined with mechanical dance movements, which is hilarious. "I enjoyed the first half, but couldn't enjoy the second half." Variety show host Yan Hexiang believes that the contrasting effect of AI praise in the work actually raises a profound proposition – what is the most irreplaceable part of artistic creation? "AI will replace stylized formalism. The core of art creation is content. Once your content is not strong enough, AI will quickly replace your form, so if the form is greater than the content, it is not worth a penny."

Stills from the variety show "Laughter Has New Life".

Yan Hexiang, who has been deeply involved in the field of comedy for more than 20 years, from cross talk to talk shows to publishing books, jokingly calls himself an "out-and-out comedy slash young man." Not long ago, his first non-fiction work "Jumping into the Green Sea" was published. This book is about the journey of riding a motorcycle across North and South America when his comedy career was blocked. The concept of "antipodal points" that became popular on the stand-up comedy stage last year originated from his thoughts on this 30,000-mile motorcycle trip. Yan Hexiang, who is "taking action", is taking various actions within his power to explore more possibilities for the continuous self-renewal of comedy today.

The book and video of the non-fiction work "Jumping into the Green Sea with a Throw of a Motorcycle".

Discover new expressions on the comedy stage

For Yan Hexiang, "Laughter Has a New Life" is intended to discover new talents and new strengths in the comedy industry, and it is also another opportunity for him to explore new comedy expressions. Take "My Barbie" as an example. During the performance, the Dou Ni actor was temporarily absent due to the temporary absence of her partner, so the AI ​​Peng Ni had to be used. She accurately reproduced cross talk lingo, cross-talk and other stylized expressions, but due to her cold mechanical nature, she frequently threw out contrasting jokes such as "please excuse me", which was in sharp contrast to Dou Ni's panic and helplessness. Her hard-core jokes and genuine complaints made the audience laugh. Another "breaking" point of the program is that it cleverly integrates various art forms such as traditional cross talk, mechanical dance, and double reed dubbing.

Stills from the variety show "Laughter Has New Life".

Starting from Deyun Society, Yan Hexiang's positioning on the cross talk stage is to "praise", so he felt particularly sympathetic when seeing this show. In his eyes, the traditional art of crosstalk also has a core charm that is difficult to replace with AI. "Praising is not just about talking less, but the most important thing is emotion and following. AI may not be able to replace emotion and following." New thinking has penetrated into the traditional comedy art, and traditional comedians are constantly breaking boundaries – from cross talk to talk shows, no matter how innovative the form is, content and emotion are always the soul of comedy.

Yan Hexiang shared what he saw and heard as a motorcycle traveler in the live broadcast room.

The experience that crosses borders is also the nourishment for Yan Hexiang to explore comedy. During his motorcycle trip, he often saw open mic performances in street parks in some small South American cities. "There is a small theater in the park. There are people performing comedy in the small theater, and everyone is watching from the side. There are also adults and mothers in the community pushing their children back and forth. It feels very free and unrestrained." This makes Yan Hexiang feel the common charm of comedy. No matter how different the region and form are, free expression rooted in life is the most touching.

Good content comes from life and walking

Why do you feel the urge to walk? "I want to find where the end of the road is." In a live broadcast about the new book, Yan Hexiang had an in-depth chat with netizens about his first nonfiction book. The book not only records a thousand-mile motorcycle journey across mountains and seas, but also writes about the journey of exploring where the boundaries of comedy lie. In Yan Hexiang's eyes, this ride that began with "there is no retreat in life" is "actually a kind of escape, but escape itself is also a process of finding answers, because you are always thinking."

Yan Hexiang was riding on the road.

In half a year, he rode a motorcycle weighing 500 to 600 kilograms all the way south from the North Pole to the end of the Pan-American Highway in Ushuaia, Argentina. Hundreds of kilometers of unfamiliar scenery flew past his eyes every day, and the magnificent mountains and rivers became the background for his dialogue with himself. "On this road, you don't have so many partners with whom you can communicate. The one you can talk to is yourself, countless selves, yourself at the moment, yourself who talks about cross talk, yourself who talks about talk shows, yourself when you were a child, and when you were young." On the endless beach road, he looked at "the blue sky, not a single cloud, and no one on the golden beach. And then at that moment you just want to escape, throw the motorcycle away and jump into the vast green Pacific Ocean."

The scenery along the way of Yan Hexiang Motorcycle Tour.

In fact, the risks of motorcycle travel are far beyond people's imagination, including hypoxia, sunburn, respiratory inflammation, and even the fatal danger of encountering guanacos crossing the road. However, it is this "feeling beyond carbon-based organisms" and the experience of crossing several temperature and climate zones in one day that gradually made Yan Hexiang understand his doubts, and made his later comedy stage empathize with countless people. After all, comedy creation is never done behind closed doors, but to step out of the confines of the theater, into a broad life, and to perceive the world while walking, so that the expression of comedy can go beyond laughter.

Since the launch of the legal drama "The Goddess Blindfolded" starring Xin Zhilei, although the online broadcast data is very average, it has performed strongly in the satellite TV ratings track. The real-time ratings of the series reached a peak of 0.75%. It has been the satellite TV ratings champion for two consecutive weeks, and has won a total of 13 satellite TV daily crowns. It is likely to be the annual champion of Hunan Satellite TV this year.

Now "The Goddess Blindfolded" has reached its 30-episode finale, reaching its peak in terms of case complexity and emotional tension. The last two cases were the JW acquisition case and the couple's murder and accusation case.

Chen Jun Law Firm is in serious crisis due to Lin Xiaoyun's involvement in the Yunpeng Wealth Fraud Case. It faces accountability from JW Group and may even become a defendant.

In a desperate situation, Lin Xiaoyun used herself as bait and took huge risks to design and lure Yu Hai, the mastermind of the fraud case, and finally assisted the police in recovering all the defrauded funds.

With the fate of the law firm hanging on a thread, Tang Yingying and Kang Jun relied on their excellent professional abilities and negotiation skills to finally convince JW Group to give up the pursuit of liability and agree to continue to retain Chen Jun as legal counsel for three years. This turning point not only saved the law firm from bankruptcy, but also left the story with a hopeful and open ending.

In the last case, Xue Juanhong, who had been sexually coerced by her landlord Zhang Yunhui for a long time, had pre-purchased sleeping pills and hemp rope in order to defend herself. On the day of the incident, when Zhang Yunhui played a private video to humiliate Xue Juanhong, her husband Jia Dacheng suddenly returned and bumped into him.

During the conflict, Xue Juanhong strangled her neck with a hemp rope, and Jia Dacheng joined in the beating, causing Zhang Yunhui to die of mechanical asphyxiation. The two jointly killed Zhang Yunhui, but during the trial they competed to take the blame: Xue Juanhong lied about "adultery and murder", and Jia Dacheng falsely claimed to "catch an adulterer to vent his anger" in an attempt to take responsibility for the other.

The legal game broke through the truth and found the physiological fact that Xue Juanhong was too thin and physically weak to subdue Zhang Yunhui alone, as well as the purchase records of pre-ordered sleeping pills and hemp rope, as well as the contradictions in the two people's confessions. Tang Yingying revealed the truth about the mutual accusations through cross-examination, and finally successfully defended the crime of intentional injury causing death rather than murder. Xue Juanhong was sentenced to six years and Jia Dacheng was sentenced to eight years. Under the defense of Tang Yingying and Kang Hui, they were not sentenced to death, but the lightest sentence.

Lin Xiaoyun has gone through the most tortuous path of growth. She broke the law due to her involvement in a fraud case and was expelled from the Lawyers Association. However, she used her own risk to lure out the mastermind behind the scenes and help recover all the fraudulent money. Finally, he chose to study abroad, start a new life, and complete self-salvation.

After experiencing a marital crisis, Dai Peilin rediscovered herself and rejected her ex-husband Qi Wen's request to "use the children as a bond" to get back together, saying bluntly, "Because we still love her, I can't forgive her." After getting rid of the wrong marriage, she became one of the four lawyers who stayed with the law firm during the crisis, demonstrating the independence and tenacity of professional women and adhering to the independent values ​​of "no compromise and no internal friction".

The newcomer Cheng Feng lost his youth and grew into a staunch legal worker. Kang Jun, who flew to his superiors, finally proved his worth and character. In the most difficult moment of Chen Jun's office, he returned as a partner without hesitation, showing his extraordinary loyalty and responsibility.

Kang Jun gave up his resignation plan, and Tang Yingying officially took over as the director of Chen Jun Law Firm. Kang Jun joined her in the legal aid business as a partner. The relationship between the two has developed from a workplace confrontation to a soul mate. Details such as climbing mountains to talk and holding on to each other in the dark paved the way for emotional sublimation.

And Tang Yingying has grown from a victorious lawyer who puts "evidence first" into a mature lawyer who not only adheres to the law but also cares about people's hearts. She became the core strength of Chen Jun Law Firm and led the law firm through difficulties.

Under the spotlight, Tang Yingying stood in front of the law firm window, with the city lights in the distance brightly lit. After going through eight cases of equity competition, wealth fraud, and domestic violence, there were only four workstations with lights on in the office behind her. The four lawyers defended Chen Jun Law Firm with persistence and also maintained their professional beliefs.

This drama has attracted a large number of viewers with Xin Zhilei's aura as a movie star and its legal themes. Tang Yingying, a gold medal lawyer played by Xin Zhilei, has a strong professional aura and just the right human warmth, which is called "a walking sense of oppression" by the audience.

However, as the series aired, some viewers questioned the plot settings and character creation. Some viewers believed that the lawyers in the drama were overly involved in the investigation and evidence collection, and there was a flaw in the logic of "lawyers solving cases".

Despite the controversy, the series' discussion of real-life social issues has still received a lot of recognition. The TV series shows the multiple dilemmas faced by contemporary women through 8 different types of cases.

From Zhou Yixin, who won the lawsuit for making pornographic rumors but was doubted by her husband, to Niu Bingbing, who endured domestic violence for a long time and finally chose to fight back, to Cui Jie, who was crushed by her strict mentor. The series not only presents these dilemmas, but also explores solutions through a lawyer's perspective.

The series particularly emphasizes the concept that "imperfect victims" are also worthy of protection. In the bridesmaid molestation case, the victim Zhang Yi was not a perfect victim, but this cannot be a reason to deny that she was harmed.

This design cleverly combines legal concepts with female themes, echoing the process of female lawyers in the play seeking justice in the male-dominated legal world. Cases involving domestic violence, gender discrimination in the workplace, and online violence triggered viewers to think deeply about the situation of women.

The finale was crowned with a high-energy reversal of "couples killing each other and blaming each other for crimes", and the closed-loop design of the perfect destination for all members was praised by the audience as a quality drama to start the new year.

So, have you followed this show?