Securities code: 688777 Securities abbreviation: ZKTeco Announcement No.: 2024-066

SUPCON Technology Co., Ltd

Announcement on the progress of the controlling shareholder and actual controller in increasing their holdings of the company's shares

The board of directors and all directors of the company guarantee that there is no false record, misleading statement or material omission 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:

● Basic information of the shareholding increase plan: based on the confidence in the company's sustainable and stable development in the future and the company's shares

Recognition of the long-term investment value of the ticket, the controlling shareholder of SUPCON Technology Co., Ltd. (hereinafter referred to as the "Company"),

Mr. Chu Jian, the actual controller, plans to trade through the Shanghai Stock Exchange within 6 months from June 20, 2024

The shareholding of the Company shall be increased by means permitted by the trading system (including but not limited to centralized bidding, block trading, etc.), and the total amount of the increase shall not be less than RMB 10 million (inclusive, the same below) and not more than RMB 20 million

(inclusive, the same below). For details, please refer to the company's disclosure on the website of the Shanghai Stock Exchange on June 20, 2024

Lu's "Announcement on the Plan for Controlling Shareholders and Actual Controllers to Increase Their Shareholding in the Company".

● Progress of the implementation of the shareholding increase plan: As of the close of trading on September 18, 2024, the above-mentioned related overweights

Through the Shanghai Stock Exchange trading system, the company has cumulatively increased its holdings of 189,369 shares of the company through centralized bidding transactions, accounting for 0.0240% of the company's total share capital, with a total increase of RMB 7,143,912.36, which has exceeded 50% of the lower limit of the proposed increase in the amount of the shareholding increase plan, and the shareholding increase plan has not yet been implemented. The subject of the shareholding increase will continue to increase its shareholding in the company during the implementation period of the shareholding increase plan in accordance with the relevant shareholding increase plan.

● Relevant risk warning: The shareholding increase plan may be subject to changes in capital market conditions and other factors

The risk that the implementation of the shareholding increase plan will be delayed or unable to be completed. 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.

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

(1) The name of the subject of the increase in holdings: Mr. Chu Jian, the controlling shareholder and actual controller of the company.

(2) Before this increase, Mr. Chu Jian, the controlling shareholder and actual controller of the company, directly held 104,924,538 shares of the company, with a direct shareholding ratio of 13.28%; Mr. Chu Jian acted in concert with Hangzhou Yuancheng Enterprise Management

The partnership (limited partnership) holds 57,275,000 shares of the company, with a shareholding ratio of 7.25%; Mr. Chu Jian controls 20.53% of the shares of the Company and is the controlling shareholder and actual controller of the Company.

(3) In the 12 months prior to the disclosure date of this shareholding increase plan, Mr. Chu Jian did not disclose other shareholding increase plans.

Second, the main content of the shareholding plan

For details, please refer to the "About" disclosed by the Company on the website of the Shanghai Stock Exchange on June 20, 2024

Announcement of the plan for the controlling shareholder and actual controller to increase their shareholding in the company.

3. Progress in the implementation of the shareholding increase plan

As of the close of trading on September 18, 2024, the implementation of the shareholding plan is progressing as follows:

Percentage of overweight

Name Position Method of Shareholding Date of Shareholding Increase Number of Shares (Accounting for the amount of the company's shareholding increase.)

(Shares) of total share capital (10,000 yuan)

Proportion)

Controlling shares

Chu Jiandong and Shi Centralized Bidding 2024.06.20- 189,369 0.0240% 714.39

International Control Trading 2024.09.18

person

Total 189,369 0.0240% 714.39

Note: All data differences in this announcement are due to data rounding.

The total amount of the above-mentioned increase has exceeded 50% of the lower limit of the proposed increase in the amount of the increase in this plan, and the implementation of the plan has not yet been completed. The subject of the shareholding increase will continue to increase its shareholding in the company during the implementation period of the shareholding increase plan in accordance with the relevant shareholding increase plan.

Fourth, the uncertainty risk of 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.

5. Other notes

(1) Mr. Chu Jian, the controlling shareholder and actual controller of the main company, promised that in the process of implementing the plan to increase the company's shares, he would 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 would 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, and will not lead

The change of the controlling shareholder and actual controller of the Company will not have an impact on the Company's governance structure and continuing operations.

(3) The company will continue to pay attention to the progress of the shareholding increase plan and fulfill its 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, the Securities Law, 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 SUPCON Technology Co., Ltd

September 19, 2024