Securities code: 688525 Securities abbreviation: BIWIN Storage Announcement No.: 2024-071

Shenzhen BIWIN Storage Technology Co., Ltd

Announcement on the by-election of independent directors of the company

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.

Shenzhen BIWIN Storage Technology Co., Ltd. (hereinafter referred to as the "Company") was launched on September 23, 2024

The 22nd meeting of the third board of directors was held on Sunday, and the "Proposal on the By-election of Independent Directors of the Company" and "Proposal on the 2024 Annual Allowance Plan for the Company's New Independent Directors" were deliberated and approved, and the above proposals still need to be submitted to the third extraordinary general meeting of shareholders in 2024 for deliberation. The relevant situation is hereby announced as follows:

In order to ensure the normal operation of the Board of Directors of the Company, the Board of Directors agreed to by-elect Mr. Wang Yuan (see the attached resume) as a candidate for independent director of the third board of directors of the Company after being nominated by Sun Chengsi, the controlling shareholder and actual controller of the Company, and approved by the qualification review of the Nomination Committee, and agreed to submit the matter to the third extraordinary general meeting of shareholders of the Company in 2024 for deliberation. After the approval of the general meeting of shareholders of the Company, Mr. Wang Yuan will also serve as the chairman of the nomination committee of the third board of directors and a member of the remuneration and assessment committee of the third board of directors, and the above term of office will be from the date of deliberation and approval of the general meeting of shareholders to the date of expiration of the term of the third board of directors. The remuneration of independent directors of the Company shall be based on the allowance system for independent directors, and the allowance for Mr. Wang Yuan in 2024 shall be RMB 80,000 per year.

Mr. Wang Yuan's qualifications meet the requirements of the Company Law, the Measures for the Administration of Independent Directors of Listed Companies and other relevant laws and regulations, normative documents and the Articles of Association of the Company on the qualifications and independence of independent directors. Mr. Wang Yuan has not participated in the independent director training, and is committed to participating in the recent independent director training and obtaining relevant training certification materials. Candidates for independent directors of the company shall be reviewed by the Shanghai Stock Exchange and have no objection before they can be submitted to the general meeting of shareholders of the company for deliberation.

The announcement is hereby made.

Board of Directors of Shenzhen BIWIN Storage Technology Co., Ltd

September 24, 2024

Annex:

Brief introduction of candidates for independent director

Wang Yuan, male, born in 1979, Chinese nationality, no right of permanent residence abroad. He is currently the integration of Peking University

Secretary of the Party Committee and Professor of the School of Circuits. From August 2006 to December 2021, he served as an information science officer at Peking University

Lecturer, associate professor, professor, deputy secretary of the Party Committee of the Institute of Technology; Since January 2019, he has served as the director of the Key Laboratory of Microelectronic Devices and Circuits Education.

Mr. Wang Yuan does not directly hold shares of the Company and has no relationship with the actual controller of the Company, other directors, supervisors and senior management, and shareholders holding more than 5% of the Company's shares. There is no circumstance that prohibits him from serving as a director of a company as stipulated in the Company Law of the People's Republic of China, there is no circumstance that he has been identified by the China Securities Regulatory Commission as a person prohibited from entering the market and is still in the prohibition period, nor has he been publicly determined by the stock exchange to be unsuitable to serve as a director of a listed company, has not been punished and punished by the China Securities Regulatory Commission, the stock exchange and other relevant departments, is not a person subject to untrustworthy execution, has no bad records such as major untrustworthiness, and complies with the Company Law and the Rules for the Listing of Stocks on the Science and Technology Innovation Board of the Shanghai Stock Exchange and other relevant laws and regulations and the qualifications stipulated in the Articles of Association.