Securities code: 688475 Securities abbreviation: EZVIZ Network Announcement No.: 2024-035

Hangzhou EZVIZ Network Co., Ltd

Regarding the plan of the actual controller's wholly-owned subsidiary to increase its shareholding in the company

announcement

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:

Hangzhou EZVIZ Network Co., Ltd. (hereinafter referred to as the "Company") received on October 18, 2024

The actual controller of the company is a wholly-owned subsidiary of China Electronics Technology Group (hereinafter referred to as "CETC").

Dianke Investment Holdings Co., Ltd. (hereinafter referred to as "Dianke Investment") on the plan to increase the company's shares

Know, based on the confidence in the company's future development prospects and the recognition of the company's value, since the date of this announcement

Within 6 months of the exposure, the above-mentioned entities plan to conduct centralized bidding and bulk bidding through the Shanghai Stock Exchange trading system

The company will increase its shareholding in a manner permitted by the exchange, and the planned increase in the amount shall not be less than RMB 200 million

RMB (inclusive), not higher than RMB 400 million (inclusive), this increase does not set a fixed price range, Dianke

The investment will be based on a reasonable judgment of the value of your company's shares, and the plan to increase holdings will be implemented at the right time.

The shareholding increase plan may be subject to changes in capital market conditions or other uncertainties at present

Risk factors lead to the risk that the implementation of the shareholding increase plan cannot meet expectations, please pay attention to the majority of investors

capital risk.

In the process of implementing this shareholding increase plan, CETC Investment will comply with the China Securities Regulatory Commission,

Relevant regulations of the Shanghai Stock Exchange on stock trading.

The specific situation is hereby announced as follows:

1. The basic situation of the main body of this increase

(1) The main body of the planned increase in holdings: CETC Investment Holding Co., Ltd. is the actual control of the company

It is a wholly-owned subsidiary of Electrical Engineering Group.

(2) The number and proportion of shares held before the increase: Before the increase, CETC Investment did not directly hold the company's shares, and CETC Group indirectly held the company's shares through its holding subsidiary, Hangzhou Hikvision Digital Co., Ltd. (hereinafter referred to as "Hikvision"), which held 378,000,000 shares of the company, accounting for 48% of the company's total share capital.

Second, the main content of the shareholding plan

1. The purpose of this increase in holdings: confidence in the company's future development and recognition of long-term investment value.

2. The amount and price of this shareholding increase plan: not less than RMB 200 million (inclusive), not higher

RMB 400 million (inclusive), this increase will not set a fixed price range, and the investment in CETC will be based on the price

A reasonable judgment of the value of the company's shares, and the implementation of the shareholding increase plan at the right time.

3. The implementation period of the shareholding increase plan: within 6 months from the date of disclosure of this announcement. in implementation

In the process of this shareholding increase plan, it will comply with the China Securities Regulatory Commission and the Shanghai Stock Exchange

The relevant regulations on the trading of shares.

4. The method of the shareholding increase plan: including but not limited to centralized bidding, block trading, etc

The way the trading system of the securities exchange is allowed

5. The source of funds for this increase in shares: own funds or self-raised funds

6. This increase is not based on the specific identity of the subject of the increase, and will continue if the relevant status is lost

Implement the shareholding increase plan.

7. Relevant commitments: The subject of the increase in holdings promises that the increase plan will be strictly in accordance with the China Securities Regulatory Administration

The provisions of relevant laws and regulations, departmental rules and normative documents of the Board of Management and the Shanghai Stock Exchange

Execute. The shareholding increase entity and its persons acting in concert shall not reduce their holdings during the implementation of the shareholding increase plan and within the statutory period

Shares held in the company.

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 relevant instructions

1. This increase will not lead to the company's equity distribution not meeting the listing conditions, and will not lead to a change in the company's control.

2. The company will continue to pay attention to the relevant situation of the shareholding increase plan in accordance with the "Rules for the Listing of Stocks on the Science and Technology Innovation Board of the Shanghai Stock Exchange" and other relevant regulations, and fulfill the information disclosure obligations in a timely manner.

The announcement is hereby made.

Hangzhou EZVIZ Network Co., Ltd

Board of Directors

October 19, 2024