Stock code: 688475 Stock abbreviation: EZVIZ network

Hangzhou EZVIZ Network Co., Ltd

Q3 2024 Report

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:

The Board of Directors, the Board of Supervisors, the directors, supervisors and senior management of the Company guarantee that the contents of the quarterly report are true, accurate and complete, and that there are no false records, misleading statements or material omissions, and bear individual and joint legal liability.

The person in charge of the company, the person in charge of accounting and the person in charge of the accounting institution (accounting supervisor) shall ensure the truthfulness, accuracy and completeness of the financial information in the quarterly report.

Whether the third quarter financial statements are audited

□ Yes √ No

1. Key financial data

(i) Key accounting data and financial indicators

Unit: Yuan Currency: RMB

From the beginning of the reporting period to the report

The same period of the previous year The same period of the previous year The same period of the previous year The same period of the previous year The same period of the previous year compared with the previous year of the previous year

Item Change in the reporting period End of the reporting period Change in the same period

Dynamic amplitude (%) Kinetic amplitude (%)

Before Adjustment After Adjustment After Adjustment Before Adjustment After Adjustment After Adjustment

Operating income 1,379,226,310.70 1,223,483,718.18 1,223,766,737.04 12.70 3,962,645,501.38 3,508,178,083.87 3,509,027,140.47 12.93

Shares attributable to listed companies 93,118,529.54 142,919,345.86 142,971,559.35 -34.87 374,776,500.83 401,466,161.57 401,663,862.44 -6.69

East's net profit

Attributable to shares of listed companies

Non-recurring deduction of East 91,387,698.29 137,441,134.63 137,493,348.12 -33.53 367,933,688.59 388,962,440.46 389,160,141.33 -5.45

Net profit from profit or loss

Present arising from business activities N/A N/A N/A 131,165,343.30 539,680,630.02 538,853,351.15 -75.66

Net gold flow

Basic earnings per share (RMB 0.12 0.25 0.18 -33.33 0.48 0.71 0.51 -5.88

/share)

Diluted earnings per share ($ N/A N/A

/share)

Weighted average net assets 1.75 2.84 2.84 decreased by 1.09 7.03 8.05 8.05 decreased by 1.02

Profit rate (%) percentage point percentage point

Total R&D investment 196,439,921.41 177,769,906.88 177,769,906.88 10.50 618,745,044.80 545,381,541.38 545,381,541.38 13.45

R&D investment as a percentage of operating revenue 14.24 14.53 14.53 decreased by 0.29 15.61 15.55 15.54 increased by 0.07

Percentage of incoming (%) percentage points

2 / 16

At the end of the previous year, the end of the reporting period increased or decreased from the end of the previous year

End of the reporting period Movement amplitude (%)

Before Adjustment After Adjustment After Adjustment

Total assets 8,156,582,929.08 8,192,575,262.24 8,202,690,593.24 -0.56

Shares attributable to listed companies 5,365,746,111.16 5,264,992,356.47 5,264,992,356.47 1.91

Owner's interest in East

Note: "The reporting period" refers to the period from the beginning of the quarter to the end of the quarter for 3 months, the same below.

A description of the reasons for retrospective adjustments or restatements

1. According to the "2023 Annual Equity Distribution Implementation Announcement", from the beginning of the year to the end of the reporting period, the company increased 0.4 shares per share to all shareholders with capital reserves, and the company retrospectively adjusted the basic earnings per share in the same period of the previous year according to the number of shares after the conversion of share capital.

2. On April 10, 2024, the Company signed the "Entrusted Management Agreement" with CLP Haikang Group Co., Ltd. (hereinafter referred to as "CLP Haikang Group"), according to which the Company reached an agreement with Hangzhou Furui Technology

Co., Ltd. (hereinafter referred to as "Furui Technology"). Since CLP Hikvision Group is the controlling shareholder of Hangzhou Hikvision Digital Technology Co., Ltd., the parent company of the Company, and Furui Technology, the entrusted management of Furui Technology constitutes a business combination under the same control. The Company retrospectively adjusted the opening figures of the 2024 financial statements and the relevant financial statements for the same period of the previous year in accordance with the relevant provisions of the business combination under the same control.

3 / 16

(ii) Items and amounts of non-recurring gains and losses

√ Applicable □ Not applicable

Unit: Yuan Currency: RMB

Non-recurring profit and loss items Amount for the period Amount from the beginning of the year to the end of the reporting period Description

Gains and losses on disposal of illiquid assets, including accrued assets minus -26,928.84 73,908.67

The reversal portion of the value preparation

The government subsidy included in the profit and loss for the current period, but the normal economy with the company

The business is closely related to the business, in line with the national policy provisions, in accordance with 2,375,231.42 9,006,060.55

The standards set have a lasting impact on the company's profit and loss

except for government grants

In addition to effective hedging in relation to the normal course of the Company's business

Outside of business, non-financial enterprises held financial assets and financial losses -277,517.50 -312,475.00

Fair value gains and losses arising from debt and disposal fund financing

Gains and losses on property and financial liabilities

Proportion of funds collected from non-financial enterprises through profit or loss for the current period

Fees

Profit or loss on entrusting others to invest or manage assets

Profit or loss from external entrusted loans

Caused by force majeure factors, such as natural disasters

Loss of assets

Reversal of impairment charges for receivables that are tested separately for impairment

The company obtains investment from subsidiaries, associates and joint ventures

When the cost of capital is less than the investment obtained, the investee shall be entitled to

Gain from the fair value of net assets

Subsidiaries resulting from a business combination under the same control are -295,677.15 at the beginning of the period

Net profit or loss for the period on the date of consolidation

Gains or losses on the exchange of non-monetary assets

Debt restructuring gains and losses

A time when the relevant business activities of the enterprise are no longer continuous

Sexual expenses, such as expenses for the placement of employees, etc

Loss for the current period due to the adjustment of laws and regulations such as taxation and accounting

one-time effects

Shares recognized at one time due to the cancellation or modification of the equity incentive plan

copies to pay the fee

For cash-settled share-based payments, on the vesting date

, the loss arising from the change in the fair value of the employee's remuneration payable

benefit

Investment properties that use the fair value model for subsequent measurement

Gains or losses arising from changes in the fair value of real estate

Proceeds from transactions where the price of the transaction is clearly unfair

Arising from contingencies unrelated to the normal operation of the company's business

Income

Custody fee income obtained from entrusted operations

Non-recurring profit and loss items Amount for the period Amount from the beginning of the year to the end of the reporting period Description

Other non-operating income and expenses other than the above items 36,701.63 175,637.69

Other profit or loss items that meet the definition of non-recurring profit or loss

Less: Income tax impact 376,655.46 1,804,642.52

Impact of Minority Interest (After-Tax)

Total 1,730,831.25 6,842,812.24

The reasons should be explained for the company to identify the items not listed in the Explanatory Announcement No. 1 on Information Disclosure of Companies Offering Securities to the Public as non-recurring profit and loss items and the amount is significant, and the non-recurring profit and loss items listed in the Explanatory Announcement on Information Disclosure of Companies Offering Securities to the Public No. 1 - Extraordinary Profit and Loss as recurring profit and loss, the reasons should be explained.

□ Applicable √ Not applicable

(3) The circumstances and reasons for changes in the main accounting data and financial indicators

√ Applicable □ Not applicable

Project Name Percentage of Change (%) Main Reasons

Net profit attributable to shareholders of listed companies_ -34.87 Mainly due to product structure adjustment and competition during the reporting period

During the reporting period, the gross profit margin decreased due to the impact of factors such as intensification;

Deductions attributable to shareholders of listed companies are non-economic At the same time, the company actively deploys household and commercial cleaning machines

Net profit from recurring profit and loss_ -33.53 Robots and other new product markets and the expansion of e-commerce and new retail channels

has led to an increase in various expenses.

Net cash flow from operating activities_ Mainly due to the company's purchase of goods and acceptance of labor during the reporting period

-75.66 Cash paid from the beginning of the year to the end of the reporting period, cash outflow from operating activities

The increase was greater than the increase in cash inflows from operating activities.

Basic earnings per share_-33.33 in the reporting period Mainly due to the decrease in net profit in the reporting period.

2. Shareholder information

(1) The total number of ordinary shareholders and the number of preferred shareholders whose voting rights have been restored, and the shareholding status of the top 10 shareholders

Unit: shares

The total number of common shareholders at the end of the reporting period was 9,595 and the preferred shares whose voting rights were restored at the end of the reporting period are not applicable

Number of shareholders (if any)

Shareholdings of the top 10 shareholders (excluding shares lent through refinancing)

Staking, tokenizing

Shareholding ratio: Holding limited sales notes, including refinancing, lending, or freezing

Name of Shareholder Nature of Shareholder Number of Shares Example (%) Number of Shares Restricted sale of shares

Number of shares Number of shares

state

Hangzhou Hikvision Digital Technology State-owned legal person 378,000,000 48.00 378,000,000 378,000,000 None 0

corporation

Hangzhou Qianmo Qinghe Equity Investment Domestic non-state-owned 252,000,000 32.00 0 0 N/A 0

Partnership (Limited Partnership) Legal person

China Merchants Bank Co., Ltd

-ChinaAMC SSE STAR Market 50 Others 12,063,303 1.53 0 0 None 0

Component of a trading open-ended index

Securities investment funds

Invesco Great Wall Fund - Chinese

Life Insurance Company Limited -

Participating Insurance-Invesco Great Wall Fund Other 8,086,544 1.03 0 0 N/A 0

China Life Growth Equity Group

A single asset management plan

(Available for sale)

Industrial and Commercial Bank of China Co., Ltd

Company-E Fund SSE Kechuang Other 7,355,934 0.93 0 0 None 0

The board 50 components are open for trading

index securities investment funds

Shanghai Pudong Development Bank shares

Co., Ltd.-Invesco Great Wall Electric Other 5,980,951 0.76 0 0 None 0

Equity securities of the sub-information industry

investment fund

Gu Qing Natural person in China 4,911,688 0.62 0 0 None 0

China CICC Wealth & Securities Co., Ltd. State-owned legal person 4,730,543 0.60 4,725,000 4,725,000 N/A 0

firm

Bank of Ningbo Co., Ltd

-Invesco Great Wall Growth Leader 1 Other 4,693,710 0.60 0 0 None 0

Invest in hybrid securities with a holding period of one year

funds

Guo Minfang Natural person in China 4,380,501 0.56 0 0 N/A 0

Shareholdings of the top 10 unrestricted shareholders (excluding shares lent through refinancing)

Name of shareholder Number of unrestricted outstanding shares held Type and number of shares

Type of shares Number of shares

Hangzhou Qianmo Qinghe Equity Investment 252,000,000 RMB ordinary shares 252,000,000

Partnership (Limited Partnership)

China Merchants Bank Co., Ltd

-ChinaAMC SSE STAR Market 50 12,063,303 RMB ordinary shares 12,063,303

Component of a trading open-ended index

Securities investment funds

Invesco Great Wall Fund - Chinese

Life Insurance Company Limited -

Participating Insurance-Invesco Great Wall Fund 8,086,544 RMB ordinary shares 8,086,544

China Life Growth Equity Group

A single asset management plan

(Available for sale)

Industrial and Commercial Bank of China Co., Ltd

Company-E Fund SSE Kechuang 7,355,934 RMB ordinary shares 7,355,934

The board 50 components are open for trading

index securities investment funds

Shanghai Pudong Development Bank shares

Co., Ltd. - Invesco Great Wall Power 5,980,951 RMB ordinary shares 5,980,951

Equity securities of the sub-information industry

investment fund

Gu Qing 4,911,688 RMB ordinary shares 4,911,688

Bank of Ningbo Co., Ltd

-Invesco Great Wall Growth Leader 1 4,693,710 RMB ordinary shares 4,693,710

Invest in hybrid securities with a holding period of one year

funds

Guo Minfang 4,380,501 RMB ordinary shares 4,380,501

Bank of China Limited

-Invesco Great Wall Preferred Hybrid 3,912,348 RMB ordinary shares 3,912,348

Securities investment funds

Industrial and Commercial Bank of China Co., Ltd

Company-Invesco Great Wall Innovation into 3,539,711 RMB ordinary shares 3,539,711

Long hybrid securities investment funds

The above-mentioned shareholders are related or the company does not know whether the above-mentioned shareholders are related or are concerted actions as stipulated in the Administrative Measures for the Acquisition of Listed Companies

Instructions to action Relationships.

Top 10 shareholders and top 10

The participation of unrestricted shareholders in financing is not applicable, and there was no relevant situation during the reporting period

securities and refinancing business said

Ming (if any)

Shareholders holding more than 5% of the shares, the top 10 shareholders and the top 10 shareholders of unrestricted tradable shares participate in the lending of shares in the refinancing business

□ Applicable √ Not applicable

Not applicable, there were no relevant circumstances during the reporting period

The top 10 shareholders and the top 10 shareholders of unrestricted tradable shares have changed compared to the previous period due to the refinancing loan/repayment

□ Applicable √ Not applicable

3. Other reminders

Other important information about the company's operations in the reporting period that investors need to be reminded of

□ Applicable √ Not applicable

Quarterly financial statements

(i) Type of audit opinion

□ Applicable √ Not applicable

(ii) Financial statements

Consolidated balance sheet

September 30, 2024

Preparation unit: Hangzhou EZVIZ Network Co., Ltd

Unit: Yuan Currency: RMB Audit Type: Unaudited

Project September 30, 2024 December 31, 2023

(Restated)

Liquid asset:

Monetary funds 4,100,914,645.59 4,664,487,655.28

Settlement Provisions

Lending funds

Tradable financial assets

Derivative financial assets

Notes receivable 8,152,478.39 5,919,220.40

Accounts receivable 977,554,579.89 861,751,858.04

Receivables financing 2,406,715.48 21,276,850.44

Prepayments 36,414,897.66 32,987,518.58

Premiums receivable

Reinsurance receivables

Reserve for reinsurance contracts receivable

Other receivables 14,568,827.31 23,822,424.03

Where: interest receivable

Dividends receivable

Buy and sell back financial assets

Inventories 731,688,620.67 694,780,005.87

Where: data resources

Contract Assets

Assets held for sale

Non-current assets maturing within one year 9,045,757.53 8,681,589.12

Other current assets 52,091,786.37 80,551,686.20

Total current assets 5,932,838,308.89 6,394,258,807.96

Non-current assets:

Loans and advances are issued

Debt investment

Other debt investments

Long-term receivables 11,160,082.28 15,859,781.71

Long-term equity investment

Project September 30, 2024 December 31, 2023

(Restated)

Investments in other equity instruments

Other non-current financial assets

Investment real estate

Fixed assets 839,838,584.76 156,950,032.75

Construction in progress 992,524,202.16 1,217,719,113.72

Productive biological assets

Oil and gas assets

Right-of-use assets 18,610,796.50 50,156,676.36

Intangible assets 224,971,298.79 228,598,108.79

Where: data resources

Development expenditures

Where: data resources

goodwill

Long-term amortized expenses 4,792,286.96 5,652,129.90

Deferred income tax assets 129,647,476.85 128,980,470.76

Other non-current assets 2,199,891.89 4,515,471.29

Total non-current assets 2,223,744,620.19 1,808,431,785.28

Total assets 8,156,582,929.08 8,202,690,593.24

Current Liabilities:

Short-term borrowing

Borrowing from the Central Bank

Split funds

Trading financial liabilities 168,142.00

Derivative financial liabilities

Notes payable 162,549,165.45 179,892,364.61

Accounts payable 1,168,528,706.16 1,307,459,168.11

Advance Receipts

Contract liabilities 371,380,672.27 345,586,368.79

Proceeds from the sale and repurchase of financial assets

Absorption of deposits and interbank deposits

Acting as an agent for the purchase and sale of securities

Acting as an agent for underwriting securities

Employee compensation payable 273,535,713.49 299,782,172.07

Taxes payable 41,218,560.46 38,571,121.17

Other accounts payable 164,766,845.86 148,863,312.52

Where: Interest payable

Dividends payable

Fees and commissions payable

Reinsurance payable

Liabilities held for sale

Project September 30, 2024 December 31, 2023

(Restated)

Non-current liabilities due within one year 9,599,769.14 45,204,153.10

Other current liabilities 2,797,217.11 2,445,583.43

Total current liabilities 2,194,544,791.94 2,367,804,243.80

Non-current liabilities:

Reserve for insurance contracts

Long-term borrowings 330,046,389.75 319,337,031.25

Bonds payable

Among them: preferred shares

Perpetual bonds

Lease liabilities 13,262,930.00 13,959,692.30

Long-term payables 9,749,569.60 9,749,569.60

Long-term payable employee compensation

Projected liabilities 13,374,975.08 12,428,738.35

Deferred income 181,903,053.44 184,278,194.20

Deferred tax liabilities

Other non-current liabilities 47,955,108.11 30,140,767.27

Total non-current liabilities 596,292,025.98 569,893,992.97

Total liabilities 2,790,836,817.92 2,937,698,236.77

Owner's Equity (or Shareholders' Equity):

Paid-up capital (or share capital) 787,500,000.00 562,500,000.00

Other Equity Instruments

Among them: preferred shares

Perpetual bonds

Capital reserve 3,127,962,226.65 3,346,583,123.41

Less: Treasury shares

Other comprehensive income -2,283,880.35 -3,132,030.97

Special reserves

Surplus reserve 101,680,942.69 101,680,942.69

General Risk Provisions

Undistributed profit 1,350,886,822.17 1,257,360,321.34

Attributable to owners of the parent company (or shareholders' rights 5,365,746,111.16 5,264,992,356.47

benefit) total

Minority interests

Total owner's equity (or shareholders' equity) 5,365,746,111.16 5,264,992,356.47

Liabilities and owners' equity (or shareholders' rights 8,156,582,929.08 8,202,690,593.24

benefit) total

Person in charge of the company: Jiang Haiqing Person in charge of accounting: Guo Hangbiao Person in charge of accounting institution: Zheng Weihai

Consolidated income statement

January-September 2024

Preparation unit: Hangzhou EZVIZ Network Co., Ltd

Unit: Yuan Currency: RMB Audit Type: Unaudited

Project Q3 2024 Q3 2023

(Jan-Sep) (Jan-Sep) (restated)

1. Total operating income 3,962,645,501.38 3,509,027,140.47

Among them: operating income 3,962,645,501.38 3,509,027,140.47

Interest income

Premiums earned

Fee and commission income

2. Total operating costs 3,589,458,644.91 3,133,125,515.20

Including: operating costs 2,263,459,852.18 1,984,647,691.35

Interest expense

Handling fees and commission expenses

Surrender Benefit

Net payout expense

Draw down the net amount of insurance liability reserves

Policy dividend payouts

Reinsurance costs

Taxes and surcharges 20,185,305.86 23,610,918.14

Selling expenses 612,528,859.76 501,441,804.19

Administrative expenses 141,112,228.95 120,127,744.63

R&D expenses 618,745,044.80 545,381,541.38

Financial expenses -66,572,646.64 -42,084,184.49

Including: interest expense 3,848,505.73 5,960,224.98

Interest income 82,672,727.32 53,733,422.74

Add: Other income 43,945,044.55 49,151,688.90

Investment income (loss is -144,333.00 with a "-" sign

columns)

Among them: for associates and joint ventures

Investment income

Gold financing at amortized cost

Proceeds are recognized at the end of production

Exchange gains (losses are marked with "-".)

columns)

Net exposure hedging gain (loss is deprecated by "-"

number)

Fair value change gain (loss to -168,142.00

"-" sign)

Credit impairment loss (loss is based on "-" -2,566,721.53 -671,631.18

Fill in the columns)

Project Q3 2024 Q3 2023

(Jan-Sep) (Jan-Sep) (restated)

Asset impairment loss (loss is measured in "-" sign -2,849,384.91 -4,064,186.00

Fill in the columns)

Gain on disposal of assets (loss is marked by "-" 273,837.93 185,503.89

Fill in the columns)

3. Operating profit (loss is listed with "-") 411,677,157.51 420,503,000.88

Add: Non-operating income 543,196.45 1,834,773.16

Less: Non-operating expenses 567,488.02 685,303.24

4. Total profit (total loss is filled in with "-" 411,652,865.94 421,652,470.80

columns)

Less: Income tax expense 36,876,365.11 19,988,608.36

5. Net profit (net loss is listed with "-") 374,776,500.83 401,663,862.44

(1) Classification according to business continuity

1. Net profit from continuing operations (net loss to 374,776,500.83 401,663,862.44

"-" sign)

2. Net profit from discontinued operations (net loss)

"-" sign)

(2) Classification according to ownership ownership

1. Net profit attributable to shareholders of the parent company 374,776,500.83 401,663,862.44

(Net loss is indicated with a "-" sign)

2. Minority shareholders' profit and loss (net loss is denoted by "-"

number)

6. Net after-tax of other comprehensive income 848,150.62 -2,258,513.96

(1) Other comprehensive attributable to owners of the parent company 848,150.62 -2,258,513.96

Net amount after tax on gains

1. Other comprehensive income that cannot be reclassified into profit or loss

benefit

(1) Re-measurement of changes in defined benefit plans

forehead

(2) Other items that cannot be converted into profit or loss under the equity method

Comprehensive income

(3) Fair value of investments in other equity instruments

fluctuation

(4) The fair value of the enterprise's own credit risk

fluctuation

2. Other comprehensive income reclassified into profit or loss 848,150.62 -2,258,513.96

(1) Other comprehensive transferable gains and losses under the equity method

Earnings

(2) Changes in the fair value of other debt investments

(3) The reclassification of financial assets is included in other comprehensives

The amount of the combined income

(4) Other credit impairment provisions for debt investments

Project Q3 2024 Q3 2023

(Jan-Sep) (Jan-Sep) (restated)

(5) Cash flow hedging reserves

(6) Translation difference of foreign currency financial statements 848,150.62 -2,258,513.96

(7) Miscellaneous

(2) Other comprehensive income attributable to minority shareholders

net after-tax of benefits

7. Total comprehensive income 375,624,651.45 399,405,348.48

(1) Comprehensive income attributable to owners of the parent company 375,624,651.45 399,405,348.48

Total benefit

(2) Total comprehensive income attributable to minority shareholders

forehead

8. Earnings per share:

(1) Basic earnings per share (RMB/share) 0.48 0.51

(2) Diluted earnings per share (RMB/share) Not applicable Not applicable

In the case of a business combination under the same control in the current period, the net profit realized by the merged party before the merger was -295,677.15 yuan, and the net profit realized by the merged party in the previous period was 197,700.87 yuan.

Person in charge of the company: Jiang Haiqing Person in charge of accounting: Guo Hangbiao Person in charge of accounting institution: Zheng Weihai

Consolidated Statement of Cash Flows

January-September 2024

Preparation unit: Hangzhou EZVIZ Network Co., Ltd

Unit: Yuan Currency: RMB Audit Type: Unaudited

Project Q3 2024 Q3 2023

(Jan-Sep) (Jan-Sep) (restated)

1. Cash flow from operating activities:

Cash received from the sale of goods and the provision of services 4,559,218,362.95 4,098,927,091.87

Net increase in customer deposits and interbank deposits

Net increase in borrowing from the central bank

Net increase in borrowing and lending to other financial institutions

Cash received from the premium of the original insurance contract

Net cash received from reinsurance business

Net increase in policyholders' savings and investments

Cash for interest, fees and commissions

Net increase in borrowed funds

Net increase in funds from repurchase operations

Net cash received from agents to buy or sell securities

Tax refund received 167,968,360.88 127,698,686.50

Other cash received related to operating activities 97,326,891.00 79,271,818.31

Subtotal cash inflow from operating activities 4,824,513,614.83 4,305,897,596.68

Cash for goods and services 2,943,746,454.56 2,267,959,456.39

Net increase in customer loans and advances

Net increase in deposits with central banks and interbank funds

Cash payment of the original insurance contract indemnity

Net increase in funds withdrawn

Cash for interest, fees and commissions

Cash to pay policy dividends

Cash paid to and on behalf of employees 983,909,971.43 821,382,046.69

Taxes paid 181,704,358.18 193,939,076.04

Other cash paid related to operating activities 583,987,487.36 483,763,666.41

Subtotal cash outflow from operating activities 4,693,348,271.53 3,767,044,245.53

Net cash flow from operating activities 131,165,343.30 538,853,351.15

2. Cash flow from investment activities:

Cash received from recovery of investments 9,006,829.50

Cash received from investment income

Disposal of fixed assets, intangible assets and other long-term 412,002.71 191,509.59

Net cash recovered from assets

Disposal of cash received by subsidiaries and other business units

Net gold

Receipt of other cash related to investment activities

Subtotal cash inflow from investing activities 9,418,832.21 191,509.59

Project Q3 2024 Q3 2023

(Jan-Sep) (Jan-Sep) (restated)

Acquisition and construction of fixed assets, intangible assets and other long-term assets 388,068,245.40 616,905,104.16

Cash paid for assets

Cash paid for investments 9,151,162.50

Net increase in pledged loans

Cash paid by subsidiaries and other business units

Net gold

Payments of other cash related to investment activities

Subtotal cash outflow from investing activities 397,219,407.90 616,905,104.16

Net cash flow from investing activities -387,800,575.69 -616,713,594.57

3. Cash flow from financing activities:

Absorb cash received from investments

Among them: the subsidiary absorbs minority shareholders' investment and receives

of cash

Cash received from borrowings 11,209,358.50 59,921,004.54

Other cash received related to fund-raising activities 128,111.65

Subtotal cash inflow from financing activities 11,337,470.15 59,921,004.54

Cash paid to repay debts 500,000.00 500,000.00

Distribution of dividends, profits or interest payments 290,102,101.07 179,912,206.31

gold

Where: shares paid by subsidiaries to minority shareholders

profits, profits

Other cash payments related to financing activities 27,327,921.05 46,258,802.66

Subtotal cash outflow from financing activities 317,930,022.12 226,671,008.97

Net cash flow from financing activities -306,592,551.97 -166,750,004.43

4. The impact of exchange rate changes on cash and cash equivalents -387,596.40 -120,430.79

sound

5. Net increase in cash and cash equivalents -563,615,380.76 -244,730,678.64

Add: Opening cash and cash equivalents balance 4,644,800,154.03 4,814,500,274.41

6. Balance of cash and cash equivalents at the end of the period 4,081,184,773.27 4,569,769,595.77

Person in charge of the company: Jiang Haiqing Person in charge of accounting: Guo Hangbiao Person in charge of accounting institution: Zheng Weihai

The first implementation of new accounting standards or interpretations of standards from 2024 onwards involves adjustments to the financial statements at the beginning of the year in which they were first implemented

□ Applicable √ Not applicable

The announcement is hereby made.

Board of Directors of Hangzhou EZVIZ Network Co., Ltd

October 25, 2024