Dongni Electronics' downstream customer T signed a "Purchase Contract"

On January 9, 2023, the company's subsidiary Dongni Semiconductor signed a "Purchase Contract" with downstream customer T, stipulating that Dongni Semiconductor will deliver 135,000 6-inch silicon carbide substrates to the customer in 2023, with a total sales amount of RMB 675 million including tax; in 2024 and 2025, 300,000 and 500,000 6-inch silicon carbide substrates will be delivered to the customer respectively. In 2021, 2022 and the first half of 2023, the number of employees of Dongni Electronics at the end of each period was 1,403, 1,498 and 1,939 respectively. The company's overall labor demand has increased in the past two years.