According to Shangsheng Electronics's announcement, the company considered and approved a capital increase of 200 million yuan to its wholly-owned subsidiary Shangsheng Electronics Co., Ltd. through debt-for-share swaps. After the capital increase is completed, the registered capital of Hefei Shangsheng will increase from 100 million yuan to 300 million yuan, and it will still be a wholly-owned subsidiary of the company. This capital increase falls within the scope of decision-making authority of the board of directors. There is no need to submit it to the shareholders' meeting for review. It does not constitute a related transaction or major asset restructuring, and will not have a significant adverse impact on the company's financial situation and operating results.

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