Announcement on the Issuance of Shares for Asset Acquisition and Fundraising, and Related Transactions (Summary)

1. Special Reminders

1. This issuance refers only to the shares issued for the fundraising portion of this transaction.
2. The issuance price of the new shares is 9.07 RMB/share, with a total fundraising amount of 1,499,999,992.18 RMB. After deducting issuance costs (excluding VAT) of 7,075,471.66 RMB, the net fundraising amount is 1,492,924,520.52 RMB.
3. The number of new shares issued is 165,380,374 shares, increasing the total share capital of the listed company to 2,425,184,040 shares.
4. The Shenzhen Branch of China Securities Depository and Clearing Co., Ltd. accepted the registration application materials for the new shares on March 3, 2026. Once the shares are registered, they will be officially included in the company's shareholder register.
5. The listing date for the new shares is March 16, 2026. According to the relevant business rules of the Shenzhen Stock Exchange, the company's stock price will not be adjusted on the first day of listing, and trading will be subject to price fluctuation limits.
6. The nature of the newly issued shares is restricted circulation shares, which cannot be transferred within 60 months from the end of the issuance (except for transfers between different entities under the same actual controller, as permitted by applicable laws and regulations).

2. Company Declaration

The company and all directors and senior management guarantee the truthfulness, accuracy, and completeness of this summary announcement, committing that it does not contain false records, misleading statements, or major omissions, and will bear legal responsibility according to law. After the completion of this transaction, the company is responsible for any changes in operations and earnings; investors bear the investment risks arising from this transaction. Investors with any questions regarding this summary announcement should consult their stock brokers, lawyers, accountants, or other professional advisors. The company reminds investors that this summary announcement is intended solely to provide the public with information about the implementation of this transaction. For more information, please read the full text of the "Report on Issuing Shares for Asset Acquisition and Fundraising and Related Transactions" and other related documents published on the Giant Tide Information Network (http://www.cninfo.com.cn).

3. Table of Contents

• Definitions ........................................................................................................... 4
• Section 1: Basic Information of the Company .................................................. 5
• Section 2: Issuance of New Shares .................................................................. 6
  • 1. Relevant Procedures for This Issuance .................................................... 6
  • 1. Overview of This Issuance ....................................................................... 7
  • 1. Basic Information of the Issuance Objects ............................................. 9
  • 1. Independent Financial Advisor's Conclusion on Compliance of the Issuance Process and Objects ........................................................................ 13
  • 1. Legal Opinion on the Issuance Process and Objects .............................. 14
• Section 3: Listing of New Shares .................................................................... 15
  • 1. Securities Abbreviation, Code, and Listing Location .............................. 15
  • 1. Listing Date of New Shares ...................................................................... 15
  • 1. Lock-up Arrangements for New Shares .................................................... 15
• Section 4: Changes in Shares and Their Impact ............................................. 16
  • 1. Changes in the Top Ten Shareholders Before and After the Issuance .... 16
  • 1. Changes in Holdings of Directors and Senior Management ..................... 17
  • 1. Impact of This Issuance on Earnings Per Share and Net Assets Per Share ........................................................................................................... 17