Stock code: 688388 Stock abbreviation: Jiayuan Technology Announcement No.: 2024-096

Convertible bond code: 118000 Convertible bond abbreviation: Jiayuan convertible bond

Guangdong Jiayuan Technology Co., Ltd

Announcement on the progress of outbound investment

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.

1. Overview of foreign investment

Guangdong Jiayuan Technology Co., Ltd. (hereinafter referred to as the "Company") was held on July 24, 2023

At the seventh meeting of the fifth board of directors and the sixth meeting of the fifth board of supervisors, the company planned to jointly invest in the establishment of "Guangdong Jiayuan Liyuan Green Power Energy Storage Co., Ltd." with Jiangxi Liyuan Haina Technology Co., Ltd. (hereinafter referred to as "Jiangxi Liyuan") (subject to the registration of the market supervision and management department), the specific content of which is detailed in the company's July 25, 2023 Announcement of Guangdong Jiayuan Technology Co., Ltd. on Establishing Holding Subsidiaries and Launching New Business with Foreign Investment (www.sse.com.cn Announcement No.:

2023-049）。 On September 22, 2023, the company and Jiangxi Liyuan jointly established Guangdong Jiayuan Haina Green

Xin Energy Storage Technology Co., Ltd. (hereinafter referred to as "Guangdong Jiayuan Haina"), and set up Shenzhen Jiayuan Hainake

Technology Co., Ltd. (hereinafter referred to as "Shenzhen Jiayuan Haina") was established on October 27, 2023.

At the same time, the "Proposal on the Establishment of a Wholly-owned Sun Company and the Development of New Business by the Company's Foreign Investment" was deliberated and approved, and it is proposed that the Company's wholly-owned subsidiary, Jiayuan (Shenzhen) Technology Innovation Co., Ltd. (hereinafter referred to as "Jiayuan Science and Technology Innovation Company"), will invest in the establishment of "Shenzhen Jiayuan New Material Technology Innovation Co., Ltd." (hereinafter referred to as "Jiayuan New Materials").

For details, please refer to the company's website on the Shanghai Stock Exchange website (www.sse.com.cn) on July 25, 2023

Announcement of Guangdong Jiayuan Technology Co., Ltd. on Establishing a Wholly-Owned Sun Company and Launching New Business with Foreign Investment (Announcement No.: 2023-050) disclosed by Guangdong Jiayuan Technology Co., Ltd.

Second, the progress

According to the company's actual operating situation and future business development plan, in view of the company's holding subsidiary, Guangdong Jiayuan

In order to optimize the allocation of resources and asset structure, reduce management costs, and improve the efficiency of operation and management, after careful research, it was decided to cancel Guangdong Jiayuan Haina and Shenzhen Jiayuan Haina and have completed the relevant cancellation work, and the company has disclosed the relevant cancellation in the "Company's 2024 Semi-annual Report".

According to the Rules for the Listing of Stocks on the Science and Technology Innovation Board of the Shanghai Stock Exchange and the Articles of Association of Guangdong Jiayuan Technology Co., Ltd., the termination of foreign investment and the cancellation of the holding subsidiary do not need to be submitted to the board of directors or the general meeting of shareholders for deliberation. This matter does not involve related party transactions, nor does it constitute a major asset restructuring as stipulated in the Administrative Measures for Material Asset Restructuring of Listed Companies.

The company established a wholly-owned subsidiary, Jiayuan New Materials, to carry out R&D, design, production and sales of new metal materials such as copper and gold and other new materials, and at the same time will carry out related R&D, transformation of scientific and technological achievements, project incubation and industrial services in the direction of other gold-based materials and copper-based materials. In view of the fact that Jiayuan New Materials' gold products trading business failed to meet expectations, the gold-related new materials business carried out by Jiayuan New Materials as the main body has been suspended.

3. The impact of investment progress on the company

Guangdong Jiayuan Haina and Shenzhen Jiayuan Haina have not actually carried out business since their establishment, and the termination of foreign investment will not adversely affect the company's existing business and overall production and operation, and there is no harm to the interests of the company and all shareholders. Guangdong Jiayuan Haina is a 75% holding subsidiary of the company, and Shenzhen Jiayuan Haina is a wholly-owned subsidiary of Guangdong Jiayuan Haina.

The suspension of Jiayuan New Materials' business will have little actual impact on the company's financial condition, will not have a material adverse impact on the company's production and operation, and does not harm the interests of the listed company and all shareholders, especially small and medium-sized shareholders.

The announcement is hereby made.

Board of Directors of Guangdong Jiayuan Technology Co., Ltd

October 29, 2024