MeiG Smart announced that Shenzhen Hongxinyu Electronics Co., Ltd., a wholly-owned subsidiary of the company, Shenzhen Meige Smart Investment Venture Capital Co., Ltd. was listed on the main board of the Hong Kong Stock Exchange on November 12, 2026, with the stock code 02681.HK. The listed share category is common shares. Currently, 147.17,200 H shares were sold globally at an issue price of HK$72.83 per share. MeiG Smart Investment invested in Hongxinyu in 2020. Currently, it holds 3 million shares of Hongxinyu. The sales ban period is 12 months from Hongxinyu's listing. The company classified this portion of the shares as “financial assets measured at fair value and whose changes are included in current profit and loss” and reported in the “other non-current financial assets” category. According to preliminary estimates based on Hongxinyu's closing price on November 12, it is estimated that this portion of the company's shares will have an impact of about 88.47 million yuan on the company's net profit attributable to shareholders of listed companies in 2026, accounting for about 61.99% of the company's audited net profit attributable to shareholders of listed companies in 2025. Affected by price fluctuations in the secondary stock market, the fair value of the shares held will also change accordingly. There is uncertainty about the impact on the company's operating performance. Ultimately, the company's regular reports shall prevail.

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