Dongguan Kinglite Optoelectronics Co., Ltd. Announcement on the Progress of Judicial Auction of Company Shareholder Shares and the Controlling Shareholder's Increase of Holdings in Company Shares through Judicial Auction

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Securities Code: 002638 Stock Abbreviation: Qingshang Co., Ltd. Announcement No.: 2026-008

Dongguan Qingshang Optoelectronics Co., Ltd.

Announcement on the Progress of Share Judicial Auction and the Share Increase by the Controlling Shareholder through Judicial Auction

Our company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or major omissions.

Important Highlights:

1. The bidder in this judicial auction is Dongguan Qingshang Optoelectronics Co., Ltd. (hereinafter referred to as “the Company”)’s controlling shareholder, Dongguan Jingtengda Enterprise Management Partnership (Limited Partnership) (hereinafter referred to as “Jingtengda”). The number of shares successfully auctioned is 88,183,421 shares (accounting for 6.21% of the total share capital after excluding shares held in the company’s repurchase account), with a transaction amount of RMB 327,820,104.03. Jingtengda’s participation and successful bidding in this judicial auction constitute its plan to increase its holdings of the company’s shares.

2. After the transfer registration of the shares from this auction is completed, Jingtengda will directly hold 98,251,021 shares of the company (accounting for 6.92% of the total share capital after excluding shares held in the company’s repurchase account), and will hold 214,487,107 shares with voting rights entrusted (accounting for 15.10% of the total share capital after excluding shares held in the company’s repurchase account). The total voting rights shares held by Jingtengda will be 312,738,128 shares (accounting for 22.02% of the total share capital after excluding shares held in the company’s repurchase account). Jingtengda remains the controlling shareholder of the company, and Mr. Li Junfeng is the actual controller of the company.

On February 14, 2026, the company disclosed a “Prompt Notice on the Auction of Part of Shareholders’ Shares” (Announcement No.: 2026-007) on China Securities Journal. The 88,183,421 shares directly held by the company’s former actual controller, Mr. Li Xuliang (accounting for 6.21% of the total share capital after excluding shares held in the company’s repurchase account, and 100% of his directly held shares), were publicly auctioned on the JD Network Judicial Auction Platform from 14:00 on March 18, 2026, to 14:00 on March 19, 2026 (excluding extensions). According to the auction results announced on the JD platform:

1. Auction Bid Result

Based on the “Transaction Confirmation Letter” published on the JD Network Judicial Auction Platform, the bidding result is as follows:

Dongguan Jingtengda Enterprise Management Partnership (Limited Partnership), with bid number 235878341, successfully bid in the “Judicial Auction of 88,183,421 shares of Qingshang Co., Ltd. (Stock Code: 002638, Nature: Unrestricted Circulating Shares)” conducted by the Dongguan Intermediate People’s Court on JD.com, with the highest bid price of RMB 327,820,104.03.

Bidders who successfully win the auction must, in accordance with the “Bidding Notice” and “Bidding Announcement,” pay the remaining auction amount and complete relevant procedures on time. The final transaction is subject to the auction ruling issued by the Dongguan Intermediate People’s Court.

2. Implementation of the Shareholder’s Increase Plan

3. Basic Situation of the Increase Plan

Based on confidence in the company’s future sustainable and stable development and recognition of its long-term investment value, the increase entities (the actual controller Mr. Li Junfeng, Jingtengda, and other entities controlled or designated by the actual controller) plan to increase their holdings within six months from November 25, 2025, to May 25, 2026, through methods permitted by the Shenzhen Stock Exchange trading system (including but not limited to centralized bidding, block trades, agreement transfers, and judicial auctions). The planned increase is no less than 71,000,000 shares (including the initial increase). Details are disclosed in the company’s announcement on China Securities Journal titled “Announcement on the First Increase of the Largest Shareholder’s Voting Rights and Subsequent Increase Plan and Change of Rights” (Announcement No.: 2025-062).

2. Implementation Status of the Increase Plan

As of the date of this announcement, Jingtengda has increased its holdings by 10,067,600 shares through centralized bidding on the Shenzhen Stock Exchange, accounting for 0.71% of the total share capital after excluding shares held in the company’s repurchase account.

Jingtengda’s successful bid for the 88,183,421 shares directly held by the former actual controller Mr. Li Xuliang on the JD Network Judicial Auction Platform is part of its plan to increase its holdings of the company’s shares.

3. Other Explanations

4. Jingtengda’s participation in this judicial auction helps stabilize the company’s control and will not lead to a change in control or significantly impact the company’s daily operations.

5. Mr. Li Xuliang has entrusted his 88,183,421 shares directly held in the company to Jingtengda for voting rights since April 24, 2023. After the transfer registration of the auctioned shares is completed, Jingtengda will directly hold 98,251,021 shares (6.92% of the total share capital after excluding shares held in the company’s repurchase account), and will hold 214,487,107 shares with voting rights entrusted (15.10%). The total voting rights shares will be 312,738,128 (22.02%), and Jingtengda remains the controlling shareholder, with Mr. Li Junfeng as the actual controller.

6. The subsequent procedures related to payment, court rulings, and share transfer are uncertain in timing. The company will continue to monitor the progress and fulfill disclosure obligations as required. All information is based on published information in designated media; investors are advised to be aware of investment risks.

7. Documents for Reference

“Transaction Confirmation Letter”

This announcement is hereby made.

Dongguan Qingshang Optoelectronics Co., Ltd. Board of Directors

March 19, 2026