Resolution Announcement of the Third Meeting of the Seventh Board of Directors

Wangsu Science and Technology Co., Ltd.·August 4, 2026·2 pages

✨ AI Summary

The company's board of directors approved the sale of its subsidiary, Hong Kong Shenjia Technology Co., Ltd., for $101.28895 million. The board also adjusted the estimated daily related transaction amount with Cloudsway and its subsidiaries. These decisions are expected to streamline operations and do not impact the company's overall business.

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Company Code: 300017

Company Abbreviation: Wangsu Technology

Announcement No.: 2026-061

Wangsu Technology Co., Ltd.

Resolution Announcement of the Third Meeting of the Seventh Board of Directors

The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed in this announcement, and that there are no false records, misleading statements, or material omissions.

The notice for the third meeting of the seventh Board of Directors of Wangsu Technology Co., Ltd. (hereinafter referred to as the "Company") was sent via email on August 1, 2026. The meeting was held via conference call on August 4, 2026, at 10:00 AM. Seven directors were expected to attend, and all seven attended. Some senior management personnel of the Company attended the meeting. The convocation and procedures of this meeting comply with the relevant provisions of the "Company Law" and the "Articles of Association." The meeting was chaired by Chairman Li Boyang. The directors present deliberated on the proposals and passed the following resolutions:

1. Deliberation and Approval of the "Proposal on the Sale of Subsidiary Equity and Related Party Transaction"

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