Hangzhou Giant Technology Co., Ltd. Announcement on Acquisition of Equity and Related Party Transaction

Hangzhou Giant Technology Co., Ltd. Announcement on Acquisition of Equity and Related Party Transaction

The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed herein, and are free of any false records, misleading statements, or material omissions.

Key Highlights:

1. Hangzhou Giant Technology Co., Ltd. (hereinafter referred to as the "Company") intends to acquire 0.86% of the equity of Zhejiang MYbank Co., Ltd. (hereinafter referred to as "MYbank") held by Hangzhou Heboshi E-commerce Co., Ltd. (hereinafter referred to as "Heboshi") at a price of RMB 3.20 per share (corresponding to a share capital of 56,735,361 shares), and acquire 0.68% of the equity of MYbank held by Tongxiang Sansheng Group Co., Ltd. (hereinafter referred to as "Tongxiang Sansheng") (corresponding to a share capital of 44,678,207 shares). The Company will pay equity transfer payments of RMB 181,553,155.20 and RMB 142,970,262.40 to Heboshi and Tongxiang Sansheng, respectively. The funds for this transaction come from the Company's own capital. Upon completion of the transaction, the Company will hold 1.54% of MYbank's equity.
2. This transaction requires approval from the Zhejiang Regulatory Bureau of the China Banking and Insurance Regulatory Commission.

I. Overview of Related Party Transactions

1. Basic Situation of Related Party Transactions The Company intends to acquire a total of 1.54% of MYbank's equity (corresponding to a share capital of 101,413,568 shares, hereinafter referred to as the "Target Asset") held by Heboshi and Tongxiang Sansheng. The specific transaction plan is as follows: The Company intends to acquire 0.86% of MYbank's equity held by Heboshi (corresponding to a share capital of 56,735,361 shares) at a price of RMB 3.20 per share, and acquire 0.68% of MYbank's equity held by Tongxiang Sansheng (corresponding to a share capital of 44,678,207 shares). The Company will pay equity transfer payments of RMB 181,553,155.20 and RMB 142,970,262.40 to Heboshi and Tongxiang Sansheng, respectively. The funds for this transaction come from the Company's own capital. Upon completion of the transaction, the Company will hold 1.54% of MYbank's equity. The Company's related party, Zhejiang Hangcha Holding Co., Ltd. (hereinafter referred to as "Hangcha Holding"), holds 4.88% of MYbank's equity. Mr. Qiu Jianping is the Chairman of the Board and the actual controller of both Hangcha Holding and the Company. Upon completion of this transaction, the Company and Hangcha Holding will jointly hold MYbank's equity, and this transaction constitutes a related party transaction. This transaction does not constitute a major asset restructuring or a restructuring and listing as stipulated by the "Administrative Measures for Major Asset Restructuring of Listed Companies."

2. Deliberation and Voting Situation of Related Party Transactions On June 18, 2026, the Company convened the 22nd meeting of the Sixth Board of Directors, which deliberated and approved the "Proposal on Acquisition of Equity and Related Party Transaction." Directors Qiu Jianping, Chi Xiaosheng, Li Zheng, Wang Lingling, and Qiu Fei abstained from voting. The voting result was: 3 votes in favor, 0 votes against, and 0 abstentions. Prior to the deliberation by the Company's Board of Directors, all independent directors had convened a special meeting of independent directors to review this related party transaction matter. All independent directors unanimously agreed to this related party transaction and unanimously agreed to submit the proposal to the Board of Directors for deliberation. According to the "Articles of Association" of the Company, this transaction does not need to be submitted to the Company's shareholders' meeting for deliberation.

3. This transaction is subject to approval by the Zhejiang Regulatory Bureau of the China Banking and Insurance Regulatory Commission.