Securities code: 688301 Securities abbreviation: Yirui Technology Announcement No.: 2025-012

Conversion code: 118025 Conversion bond abbreviation: Yirui conversion bond

Shanghai Yirui Optoelectronics Technology Co., Ltd

Indicative announcement on the change of shareholders' equity of the company

The board of directors, all directors and relevant shareholders of the company guarantee that there are no false records, misleading statements or material omissions in the content of this announcement, and assume legal responsibility for the authenticity, accuracy and completeness of its content in accordance with the law.

Important Content Notes:

This equity change is a share reduction and passive dilution, and does not affect the tender offer.

After this change in equity, Shanghai Yiyuan Herui Investment Consulting Co., Ltd. (hereinafter referred to as "Yiyuan Herui") and its concerted actors, Shanghai Changrui Management Consulting Partnership (Limited Partnership) (hereinafter referred to as "Shanghai Changrui"), Shanghai Chang Zhi Management Consulting Partnership (Limited Partnership) (hereinafter referred to as "Shanghai Chang Rule"), TIEER GU (Yi Yuan Herui, Shanghai Chang Rui, Shanghai Chang Zhi and TIEER GU are collectively referred to as the "Information Disclosure Obligor" ) holds a total of 35,765,705 shares of Shanghai Yirui Optoelectronics Technology Co., Ltd. (hereinafter referred to as "Yirui Technology" or "the Company"), accounting for 25.00% of the total share capital of the Company.

This equity change is the reduction of the shareholding ratio of shareholders holding more than 5% of the company's shares and persons acting in concert

Dynamic dilution will not lead to a change in the actual controller of the company.

On January 24, 2025, the company received the company's shareholder Yiyuan Herui and Shanghai Changrui and Shang, who acted in concert

According to the "Simplified Report on Changes in Equity" issued by Hai Chang and TIEER GU, the proportion of shares with total equity owned by the information disclosure obligor accounts for 25.00% of the total number of shares of the company, and the relevant changes in equity are hereby notified as follows:

1. The basic situation of the change in rights and interests

(1) Information disclosure obligor 1

NAME TIEER GU

Gender Male

Passport number 548******

Nationality USA

Residences: Pudong New Area, Shanghai

Mailing address: Pudong New Area, Shanghai

Whether to obtain other countries or Yes

Residency in the region

(2) Information disclosure obligor 2

1. Basic information

Company name: Shanghai Yiyuan Herui Investment Consulting Co., Ltd

Type of enterprise: Limited liability company (joint venture between Taiwan, Hong Kong, Macao and foreign investors)

Registered address: 1588, Xinyang Highway, Lingang New Area, China (Shanghai) Pilot Free Trade Zone

Building No. 4

Date of establishment February 9, 2010

LEGAL REPRESENTATIVE TIEER GU

The registered capital is 17,281,460 yuan

Unified Social Credit Code 91310115550063065M

Major shareholders IRUI CO., LTD., TIEER GU, FANG SHENGKANG

Investment consulting, business management consulting, business information consulting (financial information except

outside the scope of business). [Projects subject to approval in accordance with the law can only be approved by relevant departments.]

Conduct business activities】

Operating period from February 9, 2020 to February 8, 2040

Mailing address: Building 45, No. 1000, Jinhai Road, Pudong New Area, Shanghai

2. Basic information of the person in charge

Preface Name Gender Position Nationality Long-term residence Whether or not to obtain other countries

No. of residence or residency in the region

1 TIEER GU MALE EXECUTIVE DIRECTOR U.S.A. CHINA IS

(3) Information disclosure obligor 3

1. Basic information

Company Name: Shanghai Changrui Management Consulting Partnership (Limited Partnership)

Type of business: Limited partnership

Registered address: 1588, Xinyang Highway, Lingang New Area, China (Shanghai) Pilot Free Trade Zone

Building No. 4

Date of establishment September 17, 2012

TIEER GU, MANAGING PARTNER

The company invested RMB 196,000

Unified Social Credit Code 913101150545697026

PARTNERS TIEER GU, YANG WEIZHEN, CAO HONGGUANG, CHENGBIN QIU AND 19 OTHERS

copartner

General Projects: Business Management Consulting; Information consulting services (excluding licensing.)

Business Scope Information Consulting Services). (Except for projects subject to approval in accordance with the law, with business.)

License to independently carry out business activities in accordance with the law)

Operating period from September 17, 2012 to September 16, 2042

Mailing address: Building 45, No. 1000, Jinhai Road, Pudong New Area, Shanghai

2. Basic information of the person in charge

Preface Name Gender Position Nationality Long-term residence Whether or not to obtain other countries

No. of residence or residency in the region

1 TIEER GU MALE EXECUTIVE AFFAIRS UNITED STATES CHINA IS

copartner

(4) Information disclosure obligor 4

1. Basic information

Company Name: Shanghai Chang Rule Management Consulting Partnership (Limited Partnership)

Type of business: Limited partnership

Registered address: 1588, Xinyang Highway, Lingang New Area, China (Shanghai) Pilot Free Trade Zone

Building No. 4

Date of establishment June 27, 2014

TIEER GU, MANAGING PARTNER

The capital contribution is 7,061,802 yuan

Unified Social Credit Code 91310115398676624G

PARTNERS TIEER GU, YANG WEIZHEN, CAO HONGGUANG, CHENGBIN QIU AND 28 OTHERS

copartner

General Projects: Business Management Consulting; Information consulting services (excluding licensing.)

Business Scope Information Consulting Services). (Except for projects subject to approval in accordance with the law, with business.)

License to independently carry out business activities in accordance with the law)

Operating period from June 27, 2014 to June 26, 2044

Mailing address: Building 45, No. 1000, Jinhai Road, Pudong New Area, Shanghai

2. Basic information of the person in charge

Preface Name Gender Position Nationality Long-term residence Whether or not to obtain other countries

No. of residence or residency in the region

1 TIEER GU MALE EXECUTIVE AFFAIRS UNITED STATES CHINA IS

copartner

(3) Changes in the rights and interests

Shanghai Changrui and Shanghai Chang will reduce their holdings through block trading on January 23, 2025, plus

Due to the increase in the company's total share capital, the shareholding ratio of the information disclosure obligor was passively diluted, and the proportion of shares in which the information disclosure obligor had a total interest in the company's total shares reached 25.00%. The details are as follows:

In December 2023, part of the shares of the company's 2021 restricted stock incentive plan were listed, and the company's total

The share capital increased accordingly. In June 2024, the company implemented the conversion of capital reserve into share capital, which is held by information disclosure obligor

In some companies, the number of shares has increased accordingly. In July 2024, the Company's 2021 Restricted Stock Incentive Plan

Some shares are listed, and the company's total share capital increases accordingly. In December 2024, the Company's 2021 restricted stock

Some of the shares of the incentive plan were listed, and the total share capital of the company increased accordingly. During this equity change, the part of "Yirui Convertible Bonds" was converted into shares of the company, and the total share capital of the company increased accordingly.

On January 1, 2025, the www.sse.com.cn Company disclosed the "Yi

Announcement on the Company's Shareholders and Directors Shareholding Reduction Plan (Announcement No.: 2025-002), Shanghai Changrui and Shanghai Changze plan to reduce their holdings by block trading with a total of no more than 1,303,000 shares.

Shanghai Changrui and Shanghai Chang will reduce their holdings of the company's shares in aggregate through block transactions on January 23, 2025

310,991 shares.

(4) Before and after the change in equity, the information disclosure obligor holds the company's shares

Before the change in equity After the change in equity

Name of shareholder

Total number of shares held (shares) Shareholding ratio (%) Total number of shares held (shares) Shareholding ratio (%)

Yiyuan Herui 16,681,913 16.39 23,354,678 16.32

Shanghai Chang 6,086,956 5.98 8,306,454 5.81

Shanghai Changrui 2,975,000 2.92 4,069,293 2.84

TIEER GU 12,600 0.01 35,280 0.02

Total 25,756,469 25.31 35,765,705 25.00

Note: The shareholding ratio before the change in equity is calculated on the basis of the total number of shares of 101,768,143 shares, and the shareholding ratio after the change in equity is calculated on the basis of the total number of shares of 143,062,818 shares.

2. Explanation of other matters

1. This equity change is a share reduction and passive dilution, and does not touch the tender offer.

2. The change in equity is the passive dilution of shares and the implementation of the shareholding reduction plan disclosed in the previous period by shareholders holding more than 5% of the shares and persons acting in concert.

3. The change in equity will not have a significant impact on the company's governance structure and continuous operation, and the change in equity will not lead to a change in the actual controller of the company.

4. This change in equity involves the disclosure of the information disclosure obligor's short-form equity change report, the specific content of which is detailed in the "Yirui Technology Simplified Equity Change Report" disclosed by the company on the website of the Shanghai Stock Exchange (www.sse.com.cn) on the same day.

5. Up to now, Shanghai Changrui and Shanghai Changze still have unimplemented shareholding reduction plans, and the specific content is detailed

See the company's "Yirui Technology's plan for shareholders and directors to reduce their shareholdings by the company" issued on January 1, 2025

(Announcement No.: 2025-002), Shanghai Changrui and Shanghai Chang are still in the period of reducing their holdings. The company will urge it to strictly implement the relevant regulations on shareholding reduction, and disclose relevant information to investors in a timely manner, please pay attention to investment risks.

The announcement is hereby made.

Board of Directors of Shanghai Yirui Optoelectronics Technology Co., Ltd

January 25, 2025