Securities code: 688008 Securities abbreviation: Lanqi Technology Announcement No.: 2024-036.

Lanqi Technology Co., Ltd.

Announcement on the General Election of the Board of Directors and the Board of Supervisors

the company's board of directors and all directors to ensure that the contents of this announcement does not exist any false records, misleading statements or major omissions, and the authenticity, accuracy and completeness of the contents of the legal responsibility.

The term of office of the second board of directors and the board of supervisors of Lanqi Technology Co., Ltd. (hereinafter referred to as "Lanqi Technology" or "the company") is about to expire, in accordance with the "the People's Republic of China Company Law", "Listed Company Governance Guidelines", "Shanghai Stock Exchange Science and Technology Innovation Board Stock Listing Rules", "Shanghai Stock Exchange Science and Technology Innovation Board Listed Companies Self-Regulatory Guidelines No. 1-Standardized Operation" and "Lanqi The relevant provisions of the Articles of Association of Technology Co., Ltd. (hereinafter referred to as the" Articles of Association "), the company will elect members of the new board of directors and board of supervisors. The relevant information is hereby announced as follows:

1. the General Election of the Board of Directors

On June 3, 2024, the 28th meeting of the second board of directors of the company deliberated and adopted the amendment

The bill to amend the Articles of Association of the Company, in which Article 155 of the amended Articles of Association of the Company stipulates: "The Board of Directors

It consists of 7 directors, of which independent directors are not less than 1/3 of the number of directors. The Board of Directors shall include 2 officers

The employee representatives, the employee representatives on the board of directors are democratically elected by the employees of the company through the employee representative assembly, the employee assembly or other forms." This motion still needs to be submitted to the company's shareholders' meeting for consideration.

The board of directors made it clear that under the premise that the "Articles of Association" was reviewed and approved by the general meeting of shareholders, the third board of directors of the company was composed of 2 non-independent directors, 3 independent directors, and 2 employee directors.

Nomination of non-independent director candidates in (I)

The company held the third meeting of the nomination committee of the second board of directors on May 29, 2024.

After the "Proposal on Nominating Candidates for Non-Independent Directors of the Third Board of Directors of the Company", all members of the Nomination Committee unanimously agreed that Mr. Yang Chonghe and Ms. WANG RU(I Wang Rui) met the qualifications of non-independent directors stipulated in laws and regulations and the Articles of Association, Agreed to be nominated as a candidate for non-independent directors of the company's third board of directors, and agreed to submit the matter to the company's board of directors for deliberation.

The company held the 28th meeting of the second board of directors on June 3, 2024, and reviewed and approved

In the proposal to nominate candidates for non independent directors of the third board of directors of the company, it was resolved to nominate Mr. Yang Chonghe and Ms. Wang RUI (Wang Rui) as candidates for non independent directors of the third board of directors of the company. This proposal still needs to be submitted to the company's second interim shareholders' meeting in 2024 for consideration. The independent directors of the company have issued a unanimous independent opinion.

Please refer to Annex 1 of this announcement for the resumes of Mr. Yang Chonghe and Ms. Wang RUI (Wang Rui).

Nomination of Independent Director Candidates in (II)

The company held the third meeting of the nomination committee of the second board of directors on May 29, 2024.

After the "Proposal on Nominating Candidates for Independent Directors of the Third Board of Directors of the Company", all members agreed that Mr. Li Ruoshan, Mr. YUHUACHENG (Cheng Yuhua), and Ms. Shan Hailing met the qualifications of independent directors stipulated in laws and regulations and the Articles of Association, and agreed Nominate as a candidate for independent director of the company's third board of directors, and agree to submit the matter to the company's board of directors for deliberation.

The company held the 28th meeting of the second board of directors on June 3, 2024, and reviewed and approved

In the motion on nominating candidates for independent directors of the third board of directors of the company, it was resolved to nominate Mr. Li Ruoshan, Mr. YUHUA CHENG (Cheng Yuhua) and Ms. Shan Hailing as candidates for independent directors of the third board of directors of the company, among which Mr. Li Ruoshan is an accounting professional. Mr. Li Ruoshan, Mr. YUHUACHENG (Cheng Yuhua) and Ms. Shan Hailing have signed a written statement and commitment, and promise that the candidate information disclosed is true, accurate and complete, and that they will earnestly perform their duties as directors after being elected. According to relevant regulations, the company's independent director candidates must be reviewed by the Shanghai Stock Exchange without objection before they can be submitted to the general meeting of shareholders for deliberation. The independent directors of the company have issued a unanimous independent opinion.

Please refer to Annex 2 of this announcement for the resumes of Mr. Li Ruoshan, Mr. YUHUA CHENG (Cheng Yuhua) and Ms. Shan Hailing.

Election of (III) Staff Directors

The company held an employee representative meeting on June 3, 2024, and elected Stephen Kuong-Io Mr. Tai and Ms. Fang Zhoujie as employee directors of the company's third board of directors.

The effective conditions for the election of the above-mentioned employee directors are that the Articles of Association of the Company have been approved by the general meeting of shareholders of the Company.

Please refer to Annex 3 of this announcement for the resumes of Stephen Kuong-Io Mr. Tai and Ms. Fang Zhoujie.

The company will hold the second interim general meeting of shareholders in 2024 on June 21, 2024 for the board of directors.

general election. Under the premise that the "Articles of Association" has been reviewed and approved by the general meeting of shareholders, the 2 non-independent directors and 3 independent directors elected at this general meeting of shareholders will jointly form the third director of the company together with the above 2 employee directors

Will. The directors of the third board of directors of the company will take office from the effective date of the resolution of the second extraordinary general meeting of shareholders in 2024, and the term of office is three years.

2. the General Election of the Supervisory Board

The third board of supervisors of the company is composed of 2 non-employee representative supervisors and 1 employee supervisor.

Nomination of non-employee representative supervisor candidates in (I)

The company held the 26th meeting of the second board of supervisors on June 3, 2024, and deliberated and approved

In the motion on nominating candidates for non-employee representative supervisors of the third board of supervisors of the company, it was resolved to nominate Ms. Xia Xiaoyan and Mr. Cai Xiaohong as candidates for non-employee representative supervisors of the third board of supervisors of the company. This proposal still needs to be submitted to the company's second interim shareholders' meeting in 2024 for consideration.

Please refer to Annex 4 of this announcement for the resumes of Ms. Xia Xiaoyan and Mr. Cai Xiaohong.

Election of (II) Staff Supervisors

The company held a staff congress on June 3, 2024, and elected Ms. Deng Yangfan as the company's third

Staff supervisors of the Board of Supervisors.

Please refer to Annex 5 of this announcement for the resume of Ms. Deng Yangfan.

The company will hold the second interim general meeting of shareholders in 2024 on June 21, 2024 for the board of supervisors.

general election. The two non-employee representative supervisors elected by the general meeting of shareholders and the above-mentioned one employee supervisor will jointly form the third board of supervisors of the company. The supervisors of the third board of supervisors of the company will take office from the effective date of the resolution of the second extraordinary general meeting of shareholders in 2024, and their term of office is three years.

The company expresses its heartfelt thanks to the directors of the second board of directors and the supervisors of the second board of supervisors for their contributions to the development of the company during their tenure!

It is hereby announced.

Lanqi Technology Co., Ltd.

Board of Directors

June 4, 2024

Annex 1: Resumes of candidates for non-independent directors of the third board of directors

Yang Chonghe: Male, born in 1957, American nationality, with permanent residence of the People's Republic of China foreigners

Lien, M. D. in Electrical and Computer Engineering, Oregon State University, USA. From 1990 to 1994, he was engaged in chip design and research in National Semiconductor and other companies; from 1994 to 1996, he was the head of Shanghai Beiling New Product Research and Development Department. In 1997, Dr. Yang and his colleagues co-founded Xintao Technology, a company

In 2001, it successfully merged with IDT Company. In 2004, Dr. Yang and Stephen Tai co-founded Lanqi.

Technology, since its inception to serve as the company's chairman and chief executive officer. Dr. Yang was elected to American Electric in 2010

and Fellow of the Institute of Electronics Engineers (IEEE Fellow), in November 2022, Dr. Yang was awarded the IEEE Final

The title of IEEE Life Fellow. In addition, Dr. Yang has also won various awards, including "IEEECAS Industry Pioneer Award", JEDEC "Outstanding Management Leader Award", "Magnolia Honorary Award" awarded by Shanghai Municipal Government, "Ernst & Young Entrepreneur Award 2023 Mainland China Award".

Up to now, Mr. Yang Chonghe directly holds 1.38 million shares of the company. Mr. Yang Chonghe is not related to other directors, supervisors and senior management of the Company. Mr. Yang Chonghe does not have the situation that he is not allowed to serve as a director of the company as stipulated in the the People's Republic of China Company Law and the Articles of Association. He has not been punished by the China Securities Regulatory Commission, the stock exchange and other relevant departments in the past 36 months, and has not been publicly condemned or criticized by the stock exchange for more than 3 times; he has not been investigated by the judicial organ for suspected crimes or by the China Securities Regulatory Commission for suspected violations, his qualifications meet the requirements of relevant laws and regulations such as the the People's Republic of China Company Law and the Rules Governing the Listing of Shares on the Shanghai Stock Exchange's Science and Technology Board.

WANG RUI (Wang Rui): female, born in 1961, American nationality, doctoral degree, holding

He has a master's degree in engineering from Columbia University, a master's degree in philosophy and a doctorate in electronic engineering. Ms. WANG RUI (Wang Rui) is currently the Senior Vice President of Intel Corporation and the Chairman of Intel China, with full authority to lead all businesses and teams in Intel China. Ms. WANG RUI (Wang Rui) worked in sonoteng electronic technology co., ltd (Cadence) and AMD semiconductor co., ltd. joined Intel in 1994 and served as vice president of Intel platform engineering division and general manager of mixed signal IP solutions division, general manager of Intel technical support division (TEG), vice president of Intel company, general manager of marketing group in China, etc.

Position. Since January 2024, Ms. WANG RUI (Wang Rui) has served as a non-independent director of Lanqi Technology.

Up to now, Ms. Wang RUI (Wang Rui) does not hold shares in the company. Ms. WANG RUI (Wang Rui) has no relationship with other directors, supervisors and senior managers of the company. WANG RU(I Rui Wang)

In the last 36 months, he has not been punished by the China Securities Regulatory Commission, the stock exchange and other relevant departments, has not been publicly condemned by the stock exchange or criticized by the stock exchange for more than three times; has not been put on file for investigation by the judicial organ for suspected crimes or has not been put on file for investigation by the China Securities Regulatory Commission for suspected violations of laws and regulations, and is not a dishonest person subject to enforcement, his qualifications meet the requirements of relevant laws and regulations such as the the People's Republic of China Company Law and the Rules Governing the Listing of Shares on the Shanghai Stock Exchange's Science and Technology Board.

Annex 2: Resume of Independent Director Candidates of the Third Board of Directors

Li Ruoshan: male, born in 1949, Chinese nationality, no permanent right of abode abroad, doctoral student

He is currently a professor and doctoral supervisor in the Department of Accounting, School of Management, Fudan University. Mr. Li Ruoshan was awarded the title of "China's Top Ten Independent Directors" by the Shanghai Stock Exchange in 2010. Mr. Li Ruoshan graduated from the Accounting Department of Xiamen University and served as Deputy Director of the Accounting Department and Deputy Director of the School of Economics of Xiamen University.Dean, Deputy Dean of the School of Management, Dean of the Accounting Department and Dean of the Finance Department of Fudan University, Member of the Advisory Expert Committee of Listed Companies of the Shanghai Stock Exchange, Advisory Expert of the Accounting Standards Committee of the Ministry of Finance, and currently the third Independent Director Professional Committee of the China Association of Listed Companies Chairman. At present, Mr. Li Ruoshan is also an independent director of Spring Airlines (601021.SH) and an independent director of Cong Lin Technology (688370.SH).

To date, Mr. Li Ruoshan does not hold shares in the Company. Mr. Li Ruoshan is not related to the directors, supervisors and senior management of the Company. Mr. Li Ruoshan does not have the situation that he is not allowed to serve as a company director as stipulated in the the People's Republic of China Company Law and the Articles of Association. He has not been punished by the China Securities Regulatory Commission, the stock exchange and other relevant departments in the past 36 months, and has not been publicly condemned or criticized by the stock exchange for more than 3 times; he has not been investigated by the judicial organ for suspected crimes or by the China Securities Regulatory Commission for suspected violations, his qualifications meet the requirements of relevant laws and regulations such as the the People's Republic of China Company Law and the Rules Governing the Listing of Shares on the Shanghai Stock Exchange's Science and Technology Board.

YUHUA CHENG (Cheng Yuhua): Male, born in 1958, American nationality, with Chinese people

Foreigners in the Republic have the right of permanent residence, with a doctoral degree in microelectronics from Tsinghua University. Mr. YUHUA CHENG (Cheng Yuhua) used to work in Sonoteng Electronic Technology Co., Ltd. (Cadence), Rockwell Automation (Rockwell), Keshengxun Company (Conexant) and Sijiaxun Solution Company (Skyworks), and founded the Siliconlinx of circuit design technology service company. Mr. YUHUA CHENG (Cheng Yuhua) joined Peking University in April 2006 and is currently the Dean of Shanghai Institute of Microelectronics, Peking University.

Up to now, Mr. YUHUA CHENG (Cheng Yuhua) does not hold shares in the company. Mr. YUHUACHENG (Cheng Yuhua) is not related to the directors, supervisors and senior management of the Company. Mr. YUHUA CHENG (Cheng Yuhua) does not have the situation that he is not allowed to serve as a director of the company as stipulated in the the People's Republic of China Company Law and the Articles of Association. He has not been punished by the China Securities Regulatory Commission, the stock exchange and other relevant departments in the past 36 months, and has not been publicly condemned by the stock exchange or criticized for more than 3 times; No.

If a case is filed for investigation by a judicial organ for suspected crimes or is filed for investigation by the China Securities Regulatory Commission for suspected violations of laws and regulations, it is not a dishonest person subject to enforcement, and its qualifications comply with the the People's Republic of China Company Law, the Shanghai Stock Exchange Science and Technology Innovation Board Stock Listing Rules and other relevant laws Regulatory requirements.

Shan Hailing: female, born in 1959, Chinese nationality, no permanent right of abode abroad, doctoral student

Li, holds a doctorate in law from the University of Ghent, Belgium. Ms. Shan Hailing from July 1984 to August 2008

Associate Professor, East China University of Political Science and Law, Shanghai University of Finance and Economics from September 2008 to August 2019

Professor and doctoral supervisor. Ms. Shan Hailing has served as a member of the International Law Association (International LawAssociation, ILA), a member of the International Association for the Protection of Intellectual Property (International Association for the theProtection of Intellectual Property, AIPPI), a director of the Chinese Society of International Law, an executive director of the Chinese Society of Private International Law, and a member of the Academic Advisory Committee of the Wuhan University International Law Review.

To date, Ms. Shan Hailing does not hold shares in the Company. Ms. Shan Hailing has no relationship with the directors, supervisors and senior management of the Company. Ms. Shan Hailing does not have the situation that she is not allowed to serve as a company director as stipulated in the the People's Republic of China Company Law and the Articles of Association. She has not been punished by the China Securities Regulatory Commission, the stock exchange and other relevant departments in the past 36 months, and has not been publicly condemned by the stock exchange Or more than 3 times of notification and criticism; not being investigated by the judicial authority for suspected crimes or being investigated by the China Securities Regulatory Commission for suspected violations, is not a breach of trust, his qualifications meet the requirements of relevant laws and regulations such as the the People's Republic of China Company Law and the Rules Governing the Listing of Shares on the Shanghai Stock Exchange's Science and Technology Board.

Annex 3: Resumes of Staff Directors of the Third Board of Directors

Stephen Kuong-Io Tai: male, born in 1971, American nationality, Johns Hopkins University

Bachelor of Electronic and Computer Engineering, Master of Electronic Engineering from Stanford University. Stephen Kuong-Io Tai

He has 30 years of experience in semiconductor architecture, design and engineering management. Sigmax from 1994 to 1995

Senior design engineer of Technology company; from 1995 to 2003, he participated in the creation of Marvell science and technology set.

Group and served as the company's director of engineering research and development, and has been a director and chief executive of the company since its inception in 2004.

Manager. Mr. Tai, Kuong-Io of Stephen, won the Magnolia Memorial Award of Shanghai in 2023 ".

To date, Stephen Kuong-Io Mr. Tai directly holds 1.38 million shares of the Company. Stephen

Mr. Kuong-Io Tai is not related to other directors, supervisors and senior management of the Company. Mr. Tai, the Stephen Kuong-Io, is not allowed to serve as a director of the company as stipulated in the the People's Republic of China Company Law and the Articles of Association. He has not been punished by the China Securities Regulatory Commission, the stock exchange and other relevant departments in the past 36 months, and has not been publicly punished by the stock exchange. Condemnation or more than 3 notifications of criticism; not being investigated by the judicial authority for suspected crimes or being investigated by the China Securities Regulatory Commission for suspected violations, his qualifications meet the requirements of relevant laws and regulations such as the the People's Republic of China Company Law and the Rules Governing the Listing of Shares on the Shanghai Stock Exchange's Science and Technology Board.

Fang Zhoujie: female, born in 1996, Chinese nationality, no permanent residence abroad, bachelor degree.

Joined Lanqi Technology in 2018 and is currently Head of General Affairs in the Office of the Board of Directors, starting in September 2021.

Ren Lanqi Technology Staff Supervisor.

Up to now, Ms. Fang Zhoujie holds 1,066 shares of the company. Ms. Fang Zhoujie is not related to other directors, supervisors and senior management of the Company. Ms. Fang Zhoujie does not have the situation that she is not allowed to serve as a director of the company as stipulated in the the People's Republic of China Company Law and the Articles of Association. She has not been punished by the China Securities Regulatory Commission, the stock exchange and other relevant departments in the past 36 months, and has not been publicly condemned by the stock exchange Or more than 3 times of notification and criticism; not being investigated by the judicial organ for suspected crimes or being investigated by the China Securities Regulatory Commission for suspected violations, his qualifications meet the requirements of relevant laws and regulations such as the the People's Republic of China Company Law and the Rules Governing the Listing of Shares on the Shanghai Stock Exchange's Science and Technology Board.

Annex 4: Resumes of Candidates for Non-employee Representative Supervisors of the Third Board of Supervisors

Xia Xiaoyan: female, born in 1968, Chinese nationality, no permanent residence abroad, doctor, advanced economics

Master, Senior Engineer. He used to be the business development manager of Shanghai Information Investment Co., Ltd., the vice president of Asia Securities Co., Ltd., and the general manager of Oriental Cable Network Co., Ltd. He is currently a partner of Shanghai Yunfeng Xinchuang Investment Management Co., Ltd., chairman of Rongxinda (Shanghai) Cultural Development Co., Ltd., director of non-cloud Internet Technology (Shanghai) Co., Ltd., and supervisor of Orange Lion Sports Co., Ltd. Since October 2018, Ms. Xia Xiaoyan has served as the Chairman of the Supervisory Board of Lanqi Technology.

To date, Ms. Xia Xiaoyan does not hold shares in the Company. Ms. Xia Xiaoyan is not related to other directors, supervisors and senior management of the Company. Ms. Xia Xiaoyan does not have the situation that she is not allowed to serve as a supervisor of the company as stipulated in the the People's Republic of China Company Law and the Articles of Association. She has not been punished by the China Securities Regulatory Commission, the stock exchange and other relevant departments in the past 36 months, and has not been publicly condemned or criticized by the stock exchange for more than 3 times; she has not been investigated by the judicial organ for suspected crimes or by the China Securities Regulatory Commission for suspected violations, his qualifications meet the requirements of relevant laws and regulations such as the the People's Republic of China Company Law and the Rules Governing the Listing of Shares on the Shanghai Stock Exchange's Science and Technology Board.

Cai Xiaohong: male, born in 1958, Chinese nationality, no permanent right of abode abroad, master's degree

Calendar. Mr. Cai Xiaohong worked in the Shanghai Municipal Planning Commission from 1986 to 2000. He served as the director, assistant to the director, and secretary-general; from 2000 to 2005, he served as the party secretary of Shanghai Information Investment Co., Ltd,

General Manager and Chairman; Deputy Director of Shanghai Development and Reform Commission from 2005 to 2008; Yu 2008

From 2017 to 2017, he was the general manager and executive director of Shanghai Lianhe Investment Co., Ltd. Mr. Cai Xiaohong is currently a director of Shanghai Yishan New Energy Technology Co., Ltd., an independent director of Shanghai Zhaoxin Integrated Circuit Co., Ltd., and an independent director of Pacific Asset Management Co., Ltd. Since September 2021, Mr. Cai Xiaohong has served as a supervisor of Lanqi Technology.

To date, Mr. Cai Xiaohong does not hold shares in the Company. Mr. Cai Xiaohong is not related to other directors, supervisors and senior management of the Company. Mr. Cai Xiaohong does not have the situation that he is not allowed to serve as a supervisor of the company as stipulated in the the People's Republic of China Company Law and the Articles of Association. He has not been punished by the China Securities Regulatory Commission, the stock exchange and other relevant departments in the past 36 months, and has not been publicly condemned or criticized by the stock exchange 3 times or more; he has not been investigated by the judicial organ for suspected crimes or was established by the China Securities Regulatory Commission for suspected violations.

The investigation of the case does not belong to the person who has been executed for breach of trust, and his qualifications meet the requirements of relevant laws and regulations such as the the People's Republic of China Company Law and the Rules Governing the Listing of Stocks on the Shanghai Stock Exchange's Science and Technology Board.

Annex 5: Resumes of Staff Supervisors of the Third Board of Supervisors

Deng Yangfan: female, born in 1995, Chinese nationality, no permanent residence abroad, master's degree

Calendar. Ms. Deng Yangfan, who worked for Xingong Technology Group Co., Ltd., joined Lanqi Technology in July 2023 and is currently the Securities Affairs Manager.

To date, Ms. Deng Yangfan does not hold shares in the Company. Ms. Deng Yangfan is not related to the directors, supervisors and senior management of the Company. Ms. Deng Yangfan does not have the situation that she is not allowed to serve as a supervisor of the company as stipulated in the the People's Republic of China Company Law and the Articles of Association. She has not been punished by the China Securities Regulatory Commission, the stock exchange and other relevant departments in the past 36 months, and has not been publicly condemned or criticized by the stock exchange for more than 3 times; she has not been investigated by the judicial organ for suspected crimes or by the China Securities Regulatory Commission for suspected violations, his qualifications meet the requirements of relevant laws and regulations such as the the People's Republic of China Company Law and the Rules Governing the Listing of Shares on the Shanghai Stock Exchange's Science and Technology Board.