Announcement on the Progress of Share Buyback

Shanghai Yaoji Technology Co., Ltd. (hereinafter referred to as "the Company" or "Yaoji Technology") held the 27th meeting of the 6th Board of Directors on April 29, 2026, where it reviewed and approved the proposal for a share buyback plan through centralized bidding. This plan was subsequently approved by the 2025 Annual General Meeting of Shareholders on May 21, 2026. The Company intends to use its own funds to repurchase a portion of its ordinary shares (A shares) through centralized bidding for the purpose of cancellation and reduction of registered capital. The total amount for the buyback will not be less than RMB 30 million and not exceed RMB 50 million, with a buyback price not exceeding RMB 25.00 per share. The specific number of shares repurchased will be based on the actual number of shares repurchased by the end of the buyback period, which shall not exceed 12 months from the date of approval by the shareholders' meeting (hereinafter referred to as "this buyback plan"). For detailed information, please refer to the "Share Buyback Report" published by the Company on