O-Film Clarifies It Did Not Suppress Prices or Transfer Profits to Companies Controlled by Its Actual Controller

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O-Film issued an announcement to clarify media reports titled "O-Film Reported! Actual Controller Cai Rongjun Accused of Setting Up Off-Balance-Sheet Companies to Hollow Out Listed Company Assets." The company stated that it differs from Xinfeiguang and Xinsikao, which are controlled by actual controller Cai Rongjun, in terms of research and development objectives, technical routes, and product application scenarios. There is no sharing or common use of R&D technologies and patents, nor is there any situation where the company bears the risk of R&D losses while mature processes are directly reused without reasonable authorization for Xinfeiguang's optical module products. The company has not produced or contract-manufactured optical module components or other products mentioned in the reports for Xinfeiguang. There is no artificial suppression of component prices or transfer of profits to Xinfeiguang, nor is there any situation where the core VCM motor business was spun off from O-Film in earlier years, with O-Film bearing all R&D costs while the high-margin business went to Xinsikao. The company stated that the relevant reports are online rumors, and it has sent a retraction notice to the relevant media, demanding the removal of false reports and cessation of dissemination. It has also reported the false reports and misleading information to the police and will pursue legal liability in accordance with the law.

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Off-coverage companies 2

Xinfeiguang Communication Technology Co., Ltd. (新菲光通信技术有限公司)i
Private± MixedRegulationrelevance

Mentioned as related party in allegations; company denies wrongdoing, unclear impact.

新思考电机股份有限公司 (Xinsikao Motor Co., Ltd.)i
Private± MixedRegulationrelevance

Mentioned as related party in allegations; company denies wrongdoing, unclear impact.