Stock code: 688036 Stock abbreviation: Transsion Holdings Announcement No.: 2024-018

Shenzhen Transsion Holdings Co., Ltd

Announcement on the plan for directors and senior management to increase their holdings of the company's shares

The board of directors and all directors of the company guarantee that there are no false records, misleading statements or material omissions in the content of this announcement, and assume legal responsibility for the authenticity, accuracy and completeness of its content in accordance with the law.

Important Content Notes:

Shenzhen Transsion Holdings Co., Ltd. (hereinafter referred to as the "Company") recently received a notification letter from Mr. Zhang Qi, Director and Deputy General Manager, Ms. Yang Hong, Director and Deputy General Manager, Mr. Xiao Yonghui, Chief Financial Officer, and Mr. Zeng Chun, Secretary of the Board of Directors, based on their confidence in the Company's sustainable and stable development in the future and their confidence in the Company's shares

The recognition of long-term investment value is intended to be traded on the Shanghai Stock Exchange within 6 months from July 16, 2024

The total amount of the increase in the company's shares shall not be less than 10.8 million yuan (inclusive, the same below) and not more than 14 million yuan (inclusive, the same below) in the manner permitted by the system (including but not limited to centralized bidding transactions, block transactions, etc.).

There may be a risk that the shareholding increase plan cannot be implemented due to changes in securities market conditions or policy factors.

In the process of implementing the plan, the shareholding increase entity will comply with the relevant regulations of the China Securities Regulatory Commission and the Shanghai Stock Exchange on the changes in the equity of listed companies and the sensitive period for stock trading.

On July 15, 2024, the Company received the receipt of Mr. Zhang Qi, Director and Deputy General Manager, and Yang, Director and Deputy General Manager

Ms. Hong, Mr. Xiao Yonghui, the person in charge of finance, and Mr. Zeng Chun, the secretary of the board of directors, intend to increase their holdings of the company's shares with their own funds or self-raised funds, based on their confidence in the company's sustainable and stable development in the future and the company's stock growth

The recognition of the investment value is intended to be approved by the Shanghai Stock Exchange within 6 months from July 16, 2024

The system allows to increase the company's shares in ways (including but not limited to centralized auction transactions, block transactions, etc.). The relevant situation is hereby announced as follows:

First, the basic situation of the subject of the increase in holdings

(1) The name of the subject of the increase in holdings: Mr. Zhang Qi, director and deputy general manager, Ms. Yang Hong, director and deputy general manager, Mr. Xiao Yonghui, financial director, and Mr. Zeng Chun, secretary of the board of directors.

(2) As of the disclosure date of this announcement, the subject of the increase does not directly hold the company's shares.

(3) In the 12 months prior to the disclosure date of this announcement, the above-mentioned persons have not disclosed their shareholding increase plans.

Second, the main content of the shareholding plan

(1) The purpose of the proposed increase in shares: based on confidence in the company's future development prospects and recognition of the long-term investment value of the company's shares.

(2) The type and method of the proposed increase in shares: increase the company's unrestricted tradable A shares through the methods permitted by the Shanghai Stock Exchange system (including but not limited to centralized bidding transactions, block transactions, etc.).

(3) The amount of shares to be increased this time: the amount of shares to be increased by each entity shall not be less than 10.8 million yuan and not more than 14 million yuan. The details are as follows:

Name Position Lower limit of the amount to be increased The upper limit of the amount to be increased

(10,000 yuan) (10,000 yuan)

Zhang Qi Director and Deputy General Manager 400 500

Yang Hong, Director, Deputy General Manager 400 500

Xiao Yonghui Finance Leader 200 300

Zeng Chun, Secretary of the Board of Directors 80 100

(4) The price of the proposed increase in shares: The increase plan does not set the price range of the increase in shares, and the increase plan will be implemented according to the fluctuation of the company's stock price and the overall trend of the capital market.

(5) The implementation period of the shareholding increase plan: The implementation period of the shareholding increase plan is from 2024

Within 6 months from July 16, if the company's shares are suspended for more than 10 consecutive trading days due to planning major events

, the shareholding increase plan will be postponed after the resumption of trading and disclosed in a timely manner.

(6) The source of funds for the proposed increase in shares: own funds or self-raised funds.

(7) The subject of the shareholding increase promises: The above-mentioned shareholding subject will strictly abide by the relevant laws and regulations, and will not reduce the company's shares held during the implementation of the share increase plan and within 6 months after the completion of the shareholding increase plan, and will not conduct insider trading, sensitive period stock trading and short-term trading.

3. Uncertainty risk in the implementation of the shareholding increase plan

There may be a risk that the implementation of the shareholding increase plan may be delayed or unable to be completed due to changes in capital market conditions and other factors. If the above-mentioned risk situations occur during the implementation of the shareholding increase plan, the company will fulfill its information disclosure obligations in a timely manner.

4. Other notes

(1) The subject of the shareholding increase promises: In the process of implementing the plan to increase the company's shares, it will strictly abide by the relevant regulations of the China Securities Regulatory Commission and the Shanghai Stock Exchange on the changes in the rights and interests of listed companies and the sensitive period of stock trading, and will not reduce the company's shares held during the implementation period and the statutory period.

(2) The implementation of the shareholding increase plan will not lead to the company's share distribution not meeting the listing conditions, will not lead to changes in the company's controlling shareholders and actual controllers, and will not have an impact on the company's governance structure and continuous operation.

(3) The Company will continue to pay attention to the progress of the shareholding increase plan and fulfill its information disclosure obligations in a timely manner in accordance with the provisions of relevant laws, administrative regulations, departmental rules and normative documents such as the Company Law of the People's Republic of China, the Securities Law of the People's Republic of China, the Administrative Measures for the Acquisition of Listed Companies, and the Rules for the Listing of Stocks on the Science and Technology Innovation Board of the Shanghai Stock Exchange.

The announcement is hereby made.

Board of Directors of Shenzhen Transsion Holdings Co., Ltd

July 16, 2024