Securities code: 688301 Securities abbreviation: Yirui Technology Announcement No.: 2025-001

Conversion code: 118025 Conversion bond abbreviation: Yirui conversion bond

Shanghai Yirui Optoelectronics Technology Co., Ltd

Announcement on the progress of the subsidiary's litigation

The board of directors and all directors of the company guarantee that there is no false record, misleading statement or material omission 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:

The stage of litigation in which the case is located: the stage of appeal after the judgment of the first instance (the appeal brief has been filed)

Status of the subsidiary: Appellee (defendant in the original trial)

Amount involved: N/A

Will it have a negative impact on the profit and loss of the listed company: The first instance judgment of the company's subsidiary iRayKorea Limited (hereinafter referred to as "Yirui Korea") is not guilty, and the prosecutor appealed against the judgment, and the final judgment is still uncertain, and the final actual impact of this lawsuit on the company's current or future profits shall be subject to the final and effective judgment of the court.

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1. The basic situation of this lawsuit

In April 2024, Shanghai Yirui Optoelectronics Technology Co., Ltd. (hereinafter referred to as the "Company") is a wholly-owned subsidiary

The company Yirui Korea and its representative directors received a referral from the Seoul Central District Prosecutors' Office to the Seoul Central District Court

The Public Complaint (2023 Criminal No. 38512). Details are detailed in the Company's April 9, 2024 statement

Announcement of Yirui Technology on the Litigation of Subsidiaries (Announcement No.: 2024-015) disclosed on the website of the Shanghai Stock Exchange (www.sse.com.cn).

On December 18, 2024, Yirui Korea and its representative directors received a letter from the Seoul Central District Court

Judgment (2024 Xinghe No. 325), ordering and ruling that the charges against the defendant in this case were all due to lack of guilt

The evidence was not established, and the defendant, Yirui Korea and its representative director, were acquitted. For details, please refer to the company

On December 20, 2024, the "Yirui Technology" disclosed on the website of the Shanghai Stock Exchange (www.sse.com.cn).

Announcement on the Progress of the Subsidiary's Litigation (Announcement No. 2024-078).

2. The progress of this lawsuit

On December 30, 2024, Yirui Korea and its representative directors received a service of service from the Seoul Central District Court

In the Appellate Petition, the appellant, the Seoul Central District Prosecutors' Office, appealed the first-instance judgment against the Judgment (2024 Xinghe No. 325) issued by the Seoul Central District Court.

3. The impact of this lawsuit on the company

In this case, the company's subsidiary Yirui Korea was not guilty in the first instance, and the prosecutor appealed against the judgment, and the final judgment is still uncertain, and the final actual impact of this lawsuit on the company's current or future profits shall be subject to the final and effective judgment of the court. The company will pay close attention to the progress of this lawsuit, protect its rights and interests through legal channels, and fulfill its information disclosure obligations in a timely manner in strict accordance with relevant regulations. Please pay attention to the investment risks.

The announcement is hereby made.

Board of Directors of Shanghai Yirui Optoelectronics Technology Co., Ltd

January 1, 2025