Tongling Shares: Announcement on the Resignation of Independent Directors

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Notice of Resignation of Independent Director of Jiangsu Tongling Electric Co., Ltd.

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

1. Resignation of Independent Director

The board of Jiangsu Tongling Electric Co., Ltd. (hereinafter referred to as “the Company”) received a written resignation report from independent director Mr. Li Jian on March 17, 2026. Mr. Li Jian has served as an independent director since March 18, 2020, and has served continuously for six years. According to the “Management Measures for Independent Directors of Listed Companies” and relevant regulations such as the “Articles of Association,” Mr. Li Jian has applied to resign from his position as an independent director of the fifth session of the board of directors, as well as from the positions of chairman of the Audit Committee and member of the Remuneration and Assessment Committee of the board. Mr. Li Jian’s original term was from March 18, 2023, to March 17, 2026. After the resignation report takes effect, Mr. Li Jian will no longer hold any other positions in the company.

Mr. Li Jian’s resignation will result in the number of independent directors being less than one-third of the board members. According to the “Company Law,” “Management Measures for Independent Directors of Listed Companies,” “Guidelines for Self-Regulation of Listed Companies on the Shenzhen Stock Exchange No. 2—Standard Operation of Growth Enterprise Market Listed Companies,” and the “Articles of Association of Jiangsu Tongling Electric Co., Ltd.,” the resignation will take effect from the date when a new independent director is elected by the shareholders’ meeting. Until then, Mr. Li Jian will continue to perform his duties as an independent director and in relevant special committees of the board in accordance with the “Shenzhen Stock Exchange Growth Enterprise Market Listing Rules,” “Guidelines for Self-Regulation of Listed Companies on the Shenzhen Stock Exchange No. 2—Standard Operation of Growth Enterprise Market Listed Companies,” and other laws, regulations, and the company’s articles of association.

As of the date of this announcement, Mr. Li Jian does not hold any shares of the company, nor does he have any commitments to fulfill or unfulfilled. After the resignation takes effect, Mr. Li Jian will continue to strictly comply with the “Interim Measures for the Management of Share Reduction by Shareholders of Listed Companies,” “Regulations on the Ownership and Changes of Shares Held by Directors and Senior Management of Listed Companies,” and the “Shenzhen Stock Exchange Self-Regulation Guidelines No. 18—Shareholder and Director, Senior Management Share Reduction” and other relevant laws, regulations, and rules regarding the transfer of shares by departing directors.

During his tenure as an independent director, Mr. Li Jian was diligent, independent, and fair, playing a positive role in the company’s compliance and development. The board of directors expresses sincere thanks for Mr. Li Jian’s contributions during his term!

2. Documents for record

3. Mr. Li Jian’s resignation letter

This announcement is hereby made!

Jiangsu Tongling Electric Co., Ltd.

Board of Directors

March 18, 2026

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Editor: Xiao Lang Kuai Bao