Recently, Sunwoda Electronic Co.,Ltd. received feedback from the China Securities Regulatory Commission (CSRC) regarding its overseas listing filing. The specific feedback includes:

1. Historical Development: The company is required to provide conclusive opinions on whether its establishment and historical equity changes comply with legal regulations.

2. Controlling Shareholders and Actual Controllers: (1) The company must supplement explanations on whether the equity pledges by the issuer's controlling shareholders and actual controllers could potentially lead to changes in the issuer's control, considering factors such as pledge reasons, debt repayment capacity, and contract performance. The company must clarify whether this creates prohibited circumstances under Article 8 of the Trial Measures for Overseas Issuance and Listing of Securities by Domestic Enterprises; (2) The company must explain the reasons for inconsistent identification results regarding controlling shareholders in filing materials and provide clear conclusive opinions on controlling shareholder identification.

3. Share Capital Structure: (1) Explanation of existing shareholders' basic information and related relationships or concerted action relationships among current shareholders, with specific reasons if verification is not possible; (2) Details of new shareholders in the most recent year, with specific reasons if verification is not possible; (3) Clarification on whether equity holding arrangements exist, including historical equity holding arrangements, not limited to controlling shareholders and actual controllers; (4) Information on established or implemented equity incentive arrangements, including employee stock ownership plans and equity incentive plans implemented during the reporting period, with conclusive opinions on legal compliance and potential benefit transfers.

4. Subsidiaries and Branches: Legal opinions must supplement information about the company's subsidiaries and branches, explaining whether the business scope of the company and its subsidiaries covers areas listed in the "Special Administrative Measures for Foreign Investment Access (Negative List) (2024 Edition)."

Company Background: Sunwoda Electronic Co.,Ltd. is located at Building 2, Yihe Road, Shilong Community, Shiyan Street, Bao'an District, Shenzhen, Guangdong Province, with an additional address at Room 1919, 19th Floor, Lee Garden One, 33 Hysan Avenue, Causeway Bay, Hong Kong. The company was established on December 9, 1997, and listed on the A-share market on April 21, 2011. Its main business involves research, development, design, production, and sales of lithium-ion battery modules. Revenue composition includes: consumer batteries 51.47%, electric vehicle batteries 28.18%, others 16.63%, and energy storage systems 3.72%.

Sunwoda Electronic belongs to the power equipment-battery-lithium battery sector according to Shenwan industry classification. Related concept sectors include energy internet, solid-state batteries, graphene, lithium iron phosphate, and sodium batteries.

As of June 30, the company had 114,600 shareholders, an increase of 5.76% from the previous period, with an average of 14,946 tradable shares per capita, down 5.45% from the previous period. From January to June 2025, Sunwoda Electronic achieved operating revenue of 26.985 billion yuan, up 12.82% year-on-year, and net profit attributable to shareholders of 856 million yuan, up 3.88% year-on-year.

Regarding dividends, Sunwoda Electronic has distributed a cumulative 1.661 billion yuan since its A-share listing, with 645 million yuan distributed over the past three years.

In terms of institutional holdings, as of June 30, 2025, among Sunwoda Electronic's top ten tradable shareholders, HKSCC Nominees Limited ranked as the second-largest tradable shareholder, holding 90.6951 million shares, down 5.8824 million shares from the previous period. E Fund ChiNext ETF ranked third, holding 33.9136 million shares, down 859,400 shares from the previous period. Southern CSI 500 ETF ranked sixth, holding 21.912 million shares, up 3.0096 million shares from the previous period. Invesco Great Wall New Energy Industry Stock Fund Class A ranked seventh, holding 16.5433 million shares, up 607,000 shares from the previous period. Huaan ChiNext 50 ETF ranked tenth, holding 12.8118 million shares, down 1.1005 million shares from the previous period.