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On June 11, Sanan Optoelectronics issued an announcement to disclose important matters. The company received relevant notices from its controlling shareholder Fujian Sanan Group Co., Ltd. (referred to as "Sanan Electronics"). Its creditor Lin Suzhen has submitted an application to the Xiamen Intermediate People's Court, requesting bankruptcy reorganization of Sanan Electronics.

The announcement shows that as of the date of this announcement, Sanan Electronics has not yet received formal legal documents issued by the court. There is currently uncertainty as to whether the bankruptcy reorganization application will be accepted by the court and whether it will formally enter the bankruptcy reorganization process.

The company reminds that if Sanan Electronics eventually enters the bankruptcy and reorganization process, it may have a corresponding impact on the listed company's equity structure and actual control rights. At the same time, Sanan Optoelectronics made it clear that at this stage, the company's production, research and development, sales and other business activities are carried out in a normal and orderly manner, and the above matters will not have a major adverse impact on the daily operations of the listed company for the time being. The company will also continue to follow up on the progress of this matter and perform its information disclosure obligations in a timely manner in accordance with relevant regulations.