Securities code: 688368 Securities abbreviation: Jingfeng Mingyuan Announcement No.: 2024-077

Shanghai Jingfeng Mingyuan Semiconductor Co., Ltd

Announcement on the resignation of the company's core technical personnel

The board of directors and all directors 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:

Mr. Zhu Zhen, the core technical staff of Shanghai Jingfeng Mingyuan Semiconductor Co., Ltd. (hereinafter referred to as the "Company"), recently applied for resignation due to personal reasons and has completed the resignation procedures. After his resignation, Mr. Zhu Zhen will no longer hold any position in the Company.

Mr. Zhu Zhen has signed a confidentiality agreement with the company, and the ownership of the intellectual property rights he participated in during his tenure belongs to the company, and there are no disputes or potential disputes related to job results and intellectual property rights, and his resignation will not affect the integrity of the company's patents and other intellectual property rights.

Mr. Zhu Zhen is responsible for the work has been handed over, and the company's production and operation and technology research and development work are carried out normally, and his resignation will not have a substantial impact on the company's technology research and development, core competitiveness and sustainable operation ability, and will not affect the company's existing core technology and research and development projects.

First, the specific situation of the resignation of core technical personnel

Mr. Zhu Zhen, the company's core technical personnel, recently applied for resignation due to personal reasons, and has completed the resignation procedures. After his resignation, Mr. Zhu Zhen will no longer hold any position in the Company. The Company and the Board of Directors would like to express their heartfelt gratitude to Mr. Zhu Zhen for his contributions to the development of the Company during his tenure.

(1) The specific situation of core technical personnel

Zhu Zhen, male, born in July 1972, Chinese nationality, no right of permanent residence abroad, doctoral degree. He has successively served as a visiting scholar at the Zurich University of Technology in Switzerland, a teacher at Fudan University, a R&D manager of Hualong Fax Machine Co., Ltd., a design director of Anbao Electronics (Shanghai) Co., Ltd., a deputy general manager of R&D of Juchen Semiconductor Co., Ltd., and a general manager of Shanghai Laishi Semiconductor Technology Co., Ltd. He joined the company in January 2020 and successively served as the deputy general manager of R&D and the deputy general manager of AC/DC R&D.

As of the disclosure date of this announcement, Mr. Zhu Zhen directly held 3 shares of the company's shares; It was granted a total of 266,696 restricted shares through the Company's 2020 restricted stock incentive plan and 2021 restricted stock incentive plan.

Among them, 75,990 shares have been vested, 144,748 shares have been forfeited, and the remaining 45,958 restricted shares that have been granted and have not yet vested will be forfeited; It has been granted 17,500 restricted shares through the Company's 2023 restricted stock incentive plan, of which 7,000 shares have been cancelled, and the remaining 10,500 restricted shares that have been granted and have not yet vested will be invalidated; It was granted 20,100 shares through the company's 2024 restricted stock incentive plan, which will be completely invalidated in the future. After his resignation, Mr. Zhu Zhen will continue to comply with the relevant laws and regulations such as the Rules for the Listing of Stocks on the Science and Technology Innovation Board of the Shanghai Stock Exchange on changes in the shares of core technical personnel.

(2) Participated in R&D projects and patented technologies

During his tenure, Mr. Zhu Zhen was mainly responsible for the company's product design and R&D work, and has completed the handover with the R&D team, and his departure will not adversely affect the original R&D projects.

The patents and other intellectual property rights that Mr. Zhu Zhen participated in during his tenure are all job achievements, and the relevant ownership rights belong to the company, and there are no disputes or potential disputes involving job results and intellectual property rights, and Mr. Zhu Zhen's resignation does not affect the integrity of the company's intellectual property ownership.

(3) The status of the confidentiality agreement

The Company and Mr. Zhu Zhen have signed a Confidentiality Agreement, in which both parties have made clear provisions on intellectual property rights, confidentiality rights and obligations. Regardless of the reason for resignation, the employee shall be obliged to keep confidential the technical, operational, management and commercial secrets belonging to the company that he has come into contact with and learned of during his tenure with the company. As of the disclosure date of this announcement, the company has not found that Mr. Zhu Zhen has violated the above agreement.

Second, the impact of the resignation of core technical personnel on the company

The company attaches great importance to R&D work and the construction of R&D talent team for a long time. As of the end of 2022, the end of 2023 and the end of June 2024, the number of R&D personnel in the company was 341, 391 and 392 respectively, accounting for 65.58%, 65.82% and 65.77% of the total number of employees in the current period. The number of R&D personnel of the company is growing as a whole, the structure of the R&D team is complete, the reserve personnel are sufficient, and the existing R&D team and core technical personnel can support the continuous research and development of the company's core technology in the future, and there is no single dependence on specific core technical personnel.

As of the disclosure date of this announcement, the specific situation of the company's core technical personnel is as follows:

Project Name of core technical personnel

Before this change, Hu Liqiang, Sun Shungen, Gao Xiaoru, and Zhu Zhen

After this change, Hu Liqiang, Sun Shungen, Gao Xiaoru

Mr. Zhu Zhen's resignation will not have a material impact on the company's technology research and development, core competitiveness and ability to continue operations

will not affect the company's existing core technologies and R&D projects.

The company subsequently plans to sign a "consulting service contract" with Mr. Zhu Zhen to entrust him to provide consulting services to the company on the company's product research and development and technology.

3. Measures taken by the company

At present, the company's technology research and development and daily operation are carried out normally, and the existing R&D team and core technical personnel can support the continuous research and development of the company's core technology in the future. At the same time, the company has formed a set of intellectual property protection system including patents, trademarks, integrated circuit layout designs and software copyrights to effectively protect the company's innovative achievements. The company has always attached great importance to R&D, and will continue to increase R&D investment, improve the R&D system and talent team construction, optimize the assessment and reward mechanism of R&D personnel, continuously improve technological innovation capabilities, and improve the company's core competitiveness.

The announcement is hereby made.

Shanghai Jingfeng Mingyuan Semiconductor Co., Ltd

board of directors

December 25, 2024