Stock code: 688388 Stock abbreviation: Jiayuan Technology Announcement No.: 2024-103

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

Guangdong Jiayuan Technology Co., Ltd

Announcement on the change of core technical personnel

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:

Ms. Liu Xiaoyan, the core technical staff of Guangdong Jiayuan Technology Co., Ltd. (hereinafter referred to as the "Company"), applied for resignation from all positions in the Company due to personal reasons, and Ms. Liu Xiaoyan no longer held any position in the Company after her resignation. As of the date of this announcement, Ms. Liu Xiaoyan does not directly or indirectly hold shares of the Company.

Ms. Liu Xiaoyan has signed a relevant agreement with the Company, stipulating her confidentiality obligations and non-compete obligations. The ownership of the relevant patents applied for by Ms. Liu Xiaoyan as an inventor during her work period belongs to the company, and there are no disputes or potential disputes related to job results and intellectual property rights, and Ms. Liu Xiaoyan's resignation does not affect the integrity of the company's patents and other intellectual property rights. As of the disclosure date of this announcement, the company has not found that Ms. Liu Xiaoyan has gone to work for competitors or violated the relevant agreements that have been signed.

Ms. Liu Xiaoyan's work has been properly handed over during her tenure, and her resignation will not affect the integrity of the company's core technology, will not have a substantial impact on the company's production and operation, and will not adversely affect the company's R&D strength, core competitiveness and product innovation.

The company comprehensively considered the actual situation of the future core technology research and development direction and the management and implementation of the research and development project, combined with the relevant factors such as Mr. Wen Bingtai's work experience, the company's core technology research and development work needs and his own participation in the research and development project, and newly recognized him as the company's core technical personnel. The company has established a relatively complete R&D management system and intellectual property protection system, and the change of core technical personnel will not affect the integrity of the company's core technology and patent ownership. As of the disclosure date of this announcement, the company's production, operation and R&D work have been carried out normally, and the adjustment of core technical personnel will not affect the company's R&D advantages and core competitiveness, and there is no significant adverse impact on business development and product innovation.

First, the specific situation of the change of core technical personnel

The company recently received a written resignation report from Ms. Liu Xiaoyan, a core technical personnel, who applied for resignation from all positions in the company for personal reasons, and Ms. Liu Xiaoyan no longer held any position in the company after her resignation.

(1) The specific situation of Ms. Liu Xiaoyan

Liu Xiaoyan, female, born in January 1985, Chinese nationality, no right of permanent residence abroad, master's degree

Bachelor's degree, engineer title. Main work experience: Former basic research engineer of Guangdong Midea Kitchen and Bathroom Appliance Manufacturing Co., Ltd., technical research and development engineer of Guangdong Midea Kitchen Appliance Manufacturing Co., Ltd. Since March 2018, he has served as the deputy director of the technology department of Guangdong Jiayuan Technology Co., Ltd.

As of the disclosure date of this announcement, Ms. Liu Xiaoyan does not directly or indirectly hold shares of the company.

(2) Participation in R&D projects and patented technologies

As of the disclosure date of this announcement, Ms. Liu Xiaoyan's main responsibility for technology research and development related work during her tenure in the company has been properly handed over, and her resignation will not affect the promotion and implementation of the original research and development projects.

During her tenure, Ms. Liu Xiaoyan participated in the company's research and development work and the corresponding intellectual property rights of the technical achievements generated by the performance of her duties, and there were no disputes or potential disputes, and her resignation did not affect the integrity of the company's patent rights.

(3) Confidentiality and non-competition restrictions

According to the relevant agreement signed between the company and Ms. Liu Xiaoyan, the two parties have clearly agreed on the confidential content and related rights and obligations. Ms. Liu Xiaoyan is obliged to keep confidential the company's technical information and trade secrets that she is aware of. As of the disclosure date of this announcement, the company has not found that Ms. Liu Xiaoyan has gone to work for competitors or violated the relevant agreements that have been signed.

The Company and the Board of Directors would like to express their heartfelt gratitude to Ms. Liu Xiaoyan for her contributions to the development of the Company during her tenure.

2. The new identification of core technical personnel

The company held the 35th meeting of the fifth board of directors on November 29, 2024, which was deliberated and approved

In the "Proposal on the New Identification of the Company's Core Technical Personnel", the company comprehensively considered the actual situation of the future core technology research and development direction and the management and implementation of the research and development project, combined with Mr. Wen Bingtai's service history, the company's core technology research and development work needs and his own participation in the research and development project and other relevant factors, and newly identified him as the company's core technical personnel, the details are as follows:

Wen Bingtai, male, born in August 1973, Chinese nationality, bachelor degree, senior engineer title.

Main work experience: worked in Meixian Dongfeng Cement Factory, Guangdong Qingfa Pharmaceutical Co., Ltd., Meixian Tongpan Cement Co., Ltd. Since February 2011, he has successively served as the director, deputy director and director of the technology research and development center of Guangdong Jiayuan Technology Co., Ltd.

As of the disclosure date of this announcement, Wen Bingtai does not directly or indirectly hold the company's shares, has no relationship with shareholders holding more than 5% of the company's shares, the company's actual controllers, directors, supervisors and senior managers, has not been punished by the China Securities Regulatory Commission and other departments, and meets the qualifications required by relevant laws, regulations and normative documents.

3. The impact of changes in core technical personnel on the company

The company attaches great importance to the cultivation and construction of R&D talents, through long-term technology accumulation and development, has established a complete R&D system, perfect team structure, and has a professional R&D technical personnel team

The echelon is sound. As of the end of 2023 and the end of June 2024, the company's R&D personnel will be 265 and 226 respectively

people, accounting for 10.12% and 10.34% of the company's total number of people respectively, the company's R&D team structure is complete, the reserve personnel are sufficient, and there is no important dependence on specific technical personnel. As of the disclosure date of this announcement, the company's other core technical personnel have not changed, the details are as follows:

During the core technical personnel

Before this change, Liu Shaohua, Wang Junfeng, Wang Chonghua, Wang Hongjie, Liu Xiaoyan

After this change, Liu Shaohua, Wang Junfeng, Wang Chonghua, Wen Bingtai, Wang Hongjie

In summary, Ms. Liu Xiaoyan's work has been properly handed over during her tenure, and her resignation will not affect the integrity of the company's core technology, will not have a substantial impact on the company's production and operation, will not adversely affect the company's R&D strength, core competitiveness and product innovation, and the company does not have the risk of continuous loss of core technical personnel.

Fourth, the measures taken by the company

As of the disclosure date of this announcement, the R&D work in charge of Ms. Liu Xiaoyan has been properly handed over. At present, the company's production and operation and various research projects are progressing normally, the company's R&D team structure is complete and the reserve personnel are relatively sufficient, and the company's R&D team can support the continuous research and development of the company's existing and future core technologies. In the future, the company will continue to promote R&D investment, increase the introduction and training of R&D personnel, and continuously improve its technological innovation capabilities.

5. Verification opinions of the sponsor institution

After verification, the sponsor CITIC Securities Co., Ltd. believes that the company and Ms. Liu Xiaoyan have signed the "Confidentiality and Non-Competition Agreement", which stipulates the confidentiality content, rights and obligations, and non-competition restrictions.

According to the interview with Liu Xiaoyan, the technical achievements and corresponding intellectual property rights generated by participating in the company's R&D work during her tenure belong to the company, and the work she is responsible for has been handed over. Ms. Liu Xiaoyan's departure will not have a material adverse impact on the Company's ability to continue operations, research and development capabilities and core competitiveness.

The announcement is hereby made.

Board of Directors of Guangdong Jiayuan Technology Co., Ltd

November 30, 2024