Securities code: 688072 Securities abbreviation: Tuojing Technology Announcement No.: 2024-051

Shareholders and directors, supervisors and senior executives of Tuojing Technology Co., Ltd. reduced their shareholdings through centralized bidding

Announcement of results

The board of directors, all directors and relevant shareholders 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:

The basic situation of shareholders, directors, supervisors and senior executives

BEFORE THE IMPLEMENTATION OF THE SHAREHOLDING REDUCTION PLAN, JIANG QIAN, A SHAREHOLDER HOLDING MORE THAN 5% OF THE SHARES OF TUOJING TECHNOLOGY CO., LTD. (HEREINAFTER REFERRED TO AS THE "COMPANY"), AND ITS CONCERTED ACTORS (INCLUDING CHIANGCHIEN (JIANG QIAN), LV GUANGQUAN, LIUYIJUN (LIU YIJUN), LINGFUHUA (LING FUHUA), WUBIAO (WU BIAO), ZHOUREN (ZHOU REN), SIANCHECYNTHIACHANG (ZHANG XIANZHI), CHANGHSIAO-YUNG (Zhang Xiaoyong) 8 natural persons who directly hold the company's shares, as well as Gongqingcheng Xinxinhe Investment Partnership (Limited Partnership), Gongqingcheng Xinxinquan Investment Partnership (Limited Partnership), Gongqingcheng Xinxin Long Investment Partnership (Limited Partnership), Gongqingcheng Xinxin Cheng Investment Partnership (Limited Partnership), Gongqingcheng Xinxinwang Investment Partnership (Limited Partnership), Gongqingcheng Xinxin Sheng Investment Partnership (Limited Partnership), Gongqingcheng Xin Xinyang Investment Partnership (Limited Partnership), Shenyang Shengteng Investment Management Center (Limited Partnership), Shenyang Shengwang Investment Management Center (Limited Partnership), Shenyang Shengquan Investment Management Center (Limited Partnership), Shenyang Shenglong Investment Management Center (Limited Partnership) 11 employee shareholding platforms of the Company, hereinafter collectively referred to as "Jiang Qian and his persons acting in concert") hold a total of 31,626,068 shares of the Company, accounting for 11.3632% of the Company's total share capital, of which 31,565,832 The shares are the shares of the company before the initial public offering, and the remaining 60,236 shares are unrestricted tradable shares; MR. CHANGHSIAO-YUNG, AS JIANG QIAN AND HIS CONCERTED ACTORS, DIRECTLY HOLDS 328,560 SHARES OF THE COMPANY'S PRE-INITIAL PUBLIC OFFERING SHARES, WHICH HAVE NOT YET BEEN RELEASED FROM THE RESTRICTED SHARES, AND 60,236 SHARES WERE OBTAINED DUE TO THE COMPANY'S 2022 RESTRICTED STOCK INCENTIVE PLAN, WHICH ARE UNRESTRICTED TRADABLE SHARES.

Before the implementation of the shareholding reduction plan, Mr. Chen Xinyi, deputy general manager of the company, directly held 21,904 shares of the company, accounting for 0.0079% of the company's total share capital; Ms. Ning Jianping, deputy general manager of the company, directly holds 21,904 shares of the company

shares, representing 0.0079% of the company's total share capital; Ms. Zhao Xi, Deputy General Manager and Secretary of the Board of Directors of the Company, directly holds 35,594 shares of the Company, accounting for 0.0128% of the Company's total share capital; Mr. Yang Xiaoqiang, the head of finance of the company, directly holds 6,571 shares of the company, accounting for 0.0024% of the company's total share capital; The source of the shares held by the above-mentioned senior management personnel is the company's equity incentive plan.

The results of the implementation of the centralized auction reduction plan

On June 22, 2024, the company disclosed the "Shareholders, Directors, Supervisors and Senior Executives Concentrated Bidding to Reduce Their Shareholdings".

ACCORDING TO THE LETTER OF INTENT TO REDUCE SHAREHOLDINGS ISSUED BY MR. CHANGHSIAO-YUNG, MR. CHEN XINYI, MS. NING JIANPING, MS. ZHAO XI, AND MR. YANG XIAOQIANG, DUE TO PERSONAL CAPITAL NEEDS, THE ABOVE-MENTIONED SHAREHOLDING REDUCTION ENTITIES WILL BE SUBJECT TO SHAREHOLDING REDUCTION 15 TRADING DAYS AFTER THE DATE OF DISCLOSURE OF THE ANNOUNCEMENT OF THE ABOVE-MENTIONED SHAREHOLDING REDUCTION PLAN

Within 3 months, i.e. from July 15, 2024 (inclusive) to October 14, 2024 (inclusive), in compliance with the law

Under the premise of reducing the shareholding stipulated by the regulations, the total number of shares of the company shall not exceed 81,728 shares (including the number of shares), accounting for no more than 1% of the total share capital of the company, of which Mr. CHANG HSIAO-YUN (ZHANG XIAOYONG) INTENDS TO REDUCE HIS HOLDINGS OF NO MORE THAN 60,236 SHARES, ACCOUNTING FOR NO MORE THAN 0.0216% OF THE COMPANY'S TOTAL SHARE CAPITAL; Mr. Chen Xinyi intends to reduce his holdings of no more than 5,476 shares, accounting for no more than 0.0020% of the company's total share capital; Ms. Ning Jianping intends to reduce her holdings of no more than 5,476 shares, accounting for no more than 0.0020% of the company's total share capital; Ms. Zhao Xi intends to reduce her holdings of no more than 8,898 shares, accounting for no more than 0.0032% of the company's total share capital; Mr. Yang Xiaoqiang intends to reduce his holdings of no more than 1,642 shares, accounting for no more than 0.0006% of the company's total share capital.

As of October 14, 2024, the time period of this shareholding reduction plan expires, and CHANG HSIAO-

Mr. YUNG reduced his holdings by a total of 60,236 shares through centralized auction trading, accounting for approximately 0.0216% of the company's total share capital; Mr. Chen Xinyi reduced his holdings by a total of 3,000 shares through centralized auction trading, accounting for approximately 0.0011% of the company's total share capital; Ms. Ning Jianping reduced her holdings of a total of 5,476 shares through centralized auction transactions, accounting for approximately 0.0020% of the company's total share capital; Ms. Zhao Xi reduced her holdings of a total of 6,898 shares through centralized auction transactions, accounting for approximately 0.0025% of the company's total share capital; Mr. Yang Xiaoqiang reduced his holdings by a total of 1,600 shares through centralized auction transactions, accounting for approximately 0.0006% of the company's total share capital. The reduction is in accordance with the provisions of relevant laws and regulations, and there is no illegal reduction.

The details of this reduction are as follows:

1. The basic situation before the centralized bidding to reduce the holdings

Name of shareholder Identity of shareholder Number of shares Shareholding ratio Source of current shares

(Shares)

CHANG 5% or more non-pre-IPO acquisition: 328,560 shares

HSIAO-YUNG 1 major shareholder 388,796 0.1397% Other acquisitions: 60,236 shares

(Zhang Xiaoyong)

Chen Xinyi Director, Supervisor, 21,904 0.0079% Acquired by other means: 21,904 shares

Senior management

Ning Jianping Director, Supervisor, 21,904 0.0079% Other means: 21,904 shares

Senior management

Zhao Xi Director, Supervisor, 35,594 0.0128% Other means: 35,594 shares

Senior management

Yang Xiaoqiang Director, Supervisor, 6,571 0.0024% Acquired by other means: 6,571 shares

Senior management

Note: The above shareholding numbers are all direct shareholdings.

There are persons acting in concert with the above-mentioned shareholding reduction entities:

Name of shareholder Number of shares held (shares) Proportion of shares Formation of a concerted action relationship

cause

Group 1 Jiang Qian and his persons acting in concert 31,626,068 11.3632% signed the concerted action agreement

Total 31,626,068 11.3632% —

The above-mentioned shareholders and directors, supervisors and senior executives have not reduced their shareholdings since the company's listing.

2. The results of the implementation of the centralized bidding reduction plan

(1) Shareholders, directors, supervisors and senior executives disclose the results of the implementation of the centralized bidding shareholding reduction plan due to the following matters:

The disclosed time range for reducing holdings expires

Number of holdings Ratio of holdings Price area Total amount of holdings Completion of holdings Current holdings Current holdings

Name of Shareholder Quantity Example Period of Shareholding Reduction Method Reduction Period (RMB) Situation Number Proportion of Shares

(Shares) (RMB/Share) (Shares)

CHANG

HSIAO- 60,236 0.0216% 2024/7/15~ Centralized Auction 116.00- 8,066,958.00 Completed 328,560 0.1181%

YUNG (张孝 2024/10/14 Transaction 172.00.)

Yong)

Chen Xinyi 3,000 0.0011% 2024/7/15~ Centralized Auction 134.583- 441,166.00 Uncompleted: 18,904 0.0068%

10/14/2024 Trading 172.00 2,476 shares

Ning Jianping 5,476 0.0020% 2024/7/15~ Centralized Bidding 138.50- 767,092.00 Completed 16,428 0.0059%

2024/10/14 Trading 142.00

Zhao Xi 6,898 0.0025% 2024/7/15~ Centralized Bidding 135.00- 1,108,242.48 Uncompleted: 28,696 0.0103%

2024/10/14 Trading 186.00 2,000 shares

Yang Xiaoqiang 1,600 0.0006% 2024/7/15~ Centralized bidding 172.80- 276,480.00 Incomplete: 42 4,971 0.0018%

10/14/2024 172.80 shares traded

(2) Whether the actual shareholding reduction is consistent with the previously disclosed shareholding reduction plan and commitment √ yes or □no

(3) Whether the shareholding reduction has not been implemented □ has not been implemented √ has been implemented upon the expiration of the time period for the reduction

(4) Whether the actual reduction has not reached the minimum number (proportion) of the shareholding reduction plan, □ has not been reached, √ has been reached

(5) Whether to terminate the shareholding reduction plan ahead of schedule □Yes √ No

The announcement is hereby made.

Board of Directors of Tuojing Technology Co., Ltd

October 15, 2024