Core Viewpoint - Shenzhen Jingwang Electronics Co., Ltd. has experienced significant stock price fluctuations, with a cumulative increase exceeding 20% over three consecutive trading days, prompting a warning for investors to exercise caution in their investment decisions [1][2]. Company Overview - The company specializes in the research, development, production, and sales of PCBs (Printed Circuit Boards), including multi-layer boards, thick copper boards, high-frequency and high-speed boards, metal-based circuit boards, double-sided/multi-layer flexible circuit boards, high-density flexible circuit boards, HDI boards, rigid-flex boards, special material PCBs, carrier boards, and packaging substrates [1]. - Its products are widely used in various sectors such as automotive, next-generation communication technology, data centers, AIoT, consumer electronics, industrial interconnect, medical devices, new energy, and satellite communication [1]. Stock Performance - The stock price of the company reached a new high on June 30, 2025, following a significant short-term increase, which has raised concerns about potential investment risks [1]. - The company's recent trading volume has significantly exceeded previous levels, indicating heightened market activity [3]. Shareholder Actions - The controlling shareholder, Jinghong Yongtai Investment Holdings Co., Ltd., along with other related parties, has announced a plan to reduce their holdings by a total of 29.49 million shares, which is up to 3% of the company's total share capital, through both centralized bidding and block trading methods [3][4]. - As of the announcement date, the reduction plan is currently in progress, with a portion of shares already sold in accordance with the disclosed plan [4]. Regulatory Compliance - The company has confirmed that there are no undisclosed matters that should be reported according to the regulations of the Shanghai Stock Exchange [5].

深圳市景旺电子股份有限公司 2025 年度"提质增效重回报"行动方案 为深入贯彻党的二十大和中央金融工作会议精神，落实国务院《关于进一步 提高上市公司质量的意见》及《关于加强监管防范风险推动资本市场高质量发展 的若干意见》、中国证监会《上市公司监管指引第 10 号——市值管理》要求，积 极响应上海证券交易所《关于开展沪市公司"提质增效重回报"专项行动的倡议》， 推动上市公司高质量发展、保护投资者尤其是中小投资者的合法权益，深圳市景 旺电子股份有限公司（以下简称"公司"或"景旺电子"）结合公司经营实际和 发展战略，制定了 2025 年度"提质增效重回报"行动方案，并于 2025 年 2 月 26 日召开第四届董事会第二十六次会议审议通过，具体内容如下： 二、发展新质生产力，提升研发实力和运营效能 技术创新是公司高质量发展的源动力和重要抓手，公司持续开展以市场需求 为导向的技术创新工作。公司从组织架构、人员配备、激励机制等多个方面搭建 了完整的研发创新体系，建立了以市场为导向的合作研发机制，结合公司实际需 求，积极与外部高校、科研机构及行业头部客户开展新产品开发、生产工艺改造、 人才培养等方面的合作交流。截至 2 ...