Indicative Announcement Regarding Shareholders Holding More Than 5% Reaching a 5% Integer Multiple Change in Equity and Disclosure of the Simplified Equity Change Report
Special Reminder:
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This equity change involves a reduction of shares and does not involve a tender offer.
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This equity change will not result in a change of the company's controlling shareholder or actual controller, and will not have a significant impact on the company's governance structure or future continuous operations.
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Prior to this equity change, Tiantang Silicon Valley Venture Capital Group Co., Ltd. – Hangzhou Tiantang Silicon Valley Hechuang Equity Investment Partnership (Limited Partnership) (hereinafter "Silicon Valley Hechuang"), Tiantang Silicon Valley Venture Capital Group Co., Ltd. – Shaoxing Keqiao Tiantang Silicon Valley Lingxin Venture Capital Partnership (Limited Partnership) (hereinafter "Silicon Valley Lingxin"), Ningbo Tiantang Silicon Valley Equity Investment Management Co., Ltd. – Hefei Tiantang Silicon Valley Anchuan Equity Investment Partnership (Limited Partnership) (hereinafter "Silicon Valley Anchuan"), and Tiantang Silicon Valley Venture Capital Group Co., Ltd. – Hangzhou Tiantang Silicon Valley Xinyi Equity Investment Partnership (Limited Partnership) (hereinafter "Silicon Valley Xinyi"; Silicon Valley Hechuang, Silicon Valley Lingxin, Silicon Valley Anchuan, and Silicon Valley Xinyi constitute a concerted action relationship) held a total of 28,223,997 shares of the company, accounting for 6.6818% of the company's total share capital. After this equity change, Silicon Valley Hechuang, Silicon Valley Lingxin, Silicon Valley Anchuan, and Silicon Valley Xinyi hold a total of 21,119,997 shares of the company, accounting for 5.0000% of the company's total share capital (Note: 5.0000% is due to rounding; the actual percentage is 4.9999993%, same below), and the shareholding ratio has decreased to below 5%, reaching an integer multiple of 5%.
The company disclosed the "Indicative Announcement Regarding Shareholders Holding More Than 5% Reducing Shares" (Announcement No.: 2026-010) on April 7, 2026, on the Juchao Information website (www.cninfo.com.cn). Silicon Valley Hechuang, Silicon Valley Lingxin, Silicon Valley Anchuan, and Silicon Valley Xinyi planned to reduce their total holdings of company shares by no more than 7,180,800 shares (1.70% of the company's total share capital) via centralized bidding within 60 days starting 15 trading days after the disclosure of the pre-disclosure announcement.
The company disclosed the "Announcement Regarding Shareholders Holding More Than 5% Reaching a 1% Integer Multiple Change in Equity" (Announcement No.: 2026-033) on May 12, 2026, on the Juchao Information website. Silicon Valley Hechuang, Silicon Valley Lingxin, Silicon Valley Anchuan, and Silicon Valley Xinyi cumulatively reduced their holdings of company shares by 2,880,000 shares via centralized bidding from April 29, 2026, to May 11, 2026, accounting for 0.6818% of the company's total share capital. After the aforementioned equity change, the total shareholding ratio of Silicon Valley Hechuang, Silicon Valley Lingxin, Silicon Valley Anchuan, and Silicon Valley Xinyi decreased from 6.6818% to 6.00%, reaching an integer multiple of 1%.