Stock code: 688100 Stock abbreviation: Wasion Information Announcement No.: 2024-057

Wasion Information Technology Co., Ltd. is a shareholder

Announcement of shareholding reduction plan

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:

Basic information on shareholder shareholdings

As of the disclosure date of this announcement, Mr. Zou Qiming, a shareholder of Wasion Information Technology Co., Ltd. (hereinafter referred to as the "Company" or "Wasion Information"), directly holds 36,465,798 shares of the Company, accounting for 7.42% of the total share capital of the Company, and Mr. Chen Jun, a shareholder, directly holds 9,116,449 shares of the Company, accounting for 1.85% of the total share capital of the Company.

The main content of the shareholding reduction plan

On December 13, 2024, the company received the "Share Reduction Plan Notification Letter" from the above-mentioned shareholders

For its own capital needs, Mr. Zou Qiming, a shareholder, intends to reduce the total number of shares of the company by means of centralized bidding transactions and block transactions not exceeding 10,000,000 shares (the reduction of shares through centralized bidding shall be implemented within 3 months after 15 trading days from the date of issuance of the shareholding reduction plan; Reduction through block trading, which will be implemented within 3 months after 15 trading days from the date of issuance of the shareholding reduction plan), that is, the total reduction ratio shall not exceed 2.0338% of the company's total share capital; Mr. Chen Jun, a shareholder, intends to reduce the total number of shares of the company by means of centralized auction transactions and block transactions not exceeding 4,000,000 shares (the reduction of shares through centralized bidding shall be implemented within 3 months after 15 trading days from the date of issuance of the shareholding reduction plan; The reduction of holdings through block trading shall be implemented within 3 months after 15 trading days from the date of issuance of the shareholding reduction plan), that is, the total reduction ratio shall not exceed 0.8135% of the company's total share capital.

The shareholder who intends to reduce his shareholding is not the largest shareholder, controlling shareholder or actual controller of the company, and the arrangement of this reduction will not lead to a change in the actual control of the company.

1. The basic situation of the subject of the reduction

Name of shareholder Identity of shareholder Number of shares held (shares) Shareholding ratio Source of current shares

More than 5% is obtained by other means:

Zou Qiming 36,465,798 7.42%

36,465,798 shares from the majority shareholder

Obtained by other means: 9,116,449

Chen Jun Shareholders below 5% 9,116,449 1.85%

share

There is no person acting in concert with the above-mentioned shareholding reduction entities.

The latest reduction of shareholdings by a major shareholder

Quantity of holdings to be reduced Price range of holdings to be reduced in the early stage

Name of shareholder Shareholding reduction ratio Shareholding reduction period

(Shares) (RMB/Share) Disclosure Date

Qingdao Langxing 15,000,000 3% 2021/11/23~ 26.46-33.67 November 9, 2021

1/12/2022

Second, the main content of the shareholding reduction plan

Proposed reduction Proposed reduction

Shareholders plan to reduce their holdings Planned reductions Reasonable reductions

Shareholding reduction method During the reduction period, the shares are held in the original

Name Volume (Shares) Percentage Price Range

Causes

Zou Qi does not exceed: Do not exceed: Auction trading holdings, no more than 2025/1/7 according to the market price of non-trading funds

Ming 10,000,000 2.0338% Pass:4,916,851 shares ~ Grid transfer required

Shares Block trading reduction, no more than 2025/4/6

Over: 9,833,703 shares

Chen Jun does not exceed: Does not exceed: Auction trading holdings, not more than 2025/1/7 according to the market price of non-trading funds

4,000,000 0.8135% Pass: 4,000,000 shares ~ Eligible Transfer Required

Shares Block trading reduction, no more than 2025/4/6

Over: 4,000,000 shares

During the pre-disclosure period, if the company's shares are suspended, the actual time for reducing holdings will be postponed accordingly according to the suspension time.

Note: During the shareholding reduction period, the above-mentioned shareholders reduced their holdings of the company's shares by centralized auction transactions by a total of no more than 4,916,851 shares;

The total reduction of the company's shares by way of block transactions does not exceed 9,833,703 shares.

(1) Whether the relevant shareholders have other arrangements □Yes √ No

(2) The major shareholder's previous shareholding ratio, number of shares, shareholding period, method of reducing shareholding, number of shareholdings, and reduction

Whether the price is held and whether there is a commitment √ Yes □ No

The specific commitments of Mr. Zou Qiming and Mr. Chen Jun, shareholders, on the intention to hold shares and reduce their holdings are as follows:

1. If I intend to reduce my holdings of the company's shares after the expiration of the lock-up period, I will conscientiously abide by the relevant regulations of the China Securities Regulatory Commission and the Shanghai Stock Exchange on the reduction of shares by shareholders holding more than 5% of the shares of listed companies, and prudently formulate a stock reduction plan in combination with the company's needs to stabilize stock prices, carry out operations and capital operations, and gradually reduce my holdings after the expiration of the stock lock-up period;

2. I shall comply with the provisions of relevant laws and regulations in reducing my holdings of the issuer's shares, including but not limited to the centralized auction trading method of the exchange, the block trading method, the agreement transfer method, etc.;

3. If within two years after the expiration of the lock-up period, if I intend to reduce my shares, the reduction price shall not be lower than the issue price (the issue price refers to the issue price of the company's initial public offering of shares. Within two years after the expiration of the lock-up period, the total number of shares of the company held by me shall not exceed the total number of shares of the company held by me. If the company's shares of the company change due to equity distribution, capital reduction and share reduction, etc., the amount of transferable shares in the corresponding year shall be changed accordingly;

4. Before I reduce my shareholding in the company, I shall make an announcement three trading days in advance, and timely and accurately fulfill the information disclosure obligation in accordance with the rules of the Shanghai Stock Exchange; However, this does not apply when the shares of the company are less than 5% held by the person;

5. If I violate relevant laws and regulations and relevant commitments to reduce my shareholdings, I will publicly explain the specific reasons for not fulfilling my commitments and apologize to the company's shareholders and public investors in the general meeting of shareholders and the disclosure media designated by the China Securities Regulatory Commission, and will not reduce my shareholding in the company within 6 months.

Whether the proposed shareholding reduction is consistent with the previously disclosed commitments √ Yes □ No

(3) Whether it is a company that is not profitable at the time of listing, its controlling shareholders, actual controllers, directors, supervisors,

The situation in which senior management intends to reduce their holdings of pre-IPO shares □Yes √ No

(4) Other matters required by this article

The above-mentioned shareholders are not prohibited from reducing their shareholdings as stipulated in the Self-Regulatory Guidelines for Listed Companies on the Shanghai Stock Exchange No. 15 - Reduction of Shareholdings by Shareholders, Directors, Supervisors and Senior Managers.

3. The controlling shareholder or actual controller reduces the pre-IPO shares

Whether it is the controlling shareholder or actual controller who intends to reduce its holdings of pre-IPO shares □ Yes √ No

Fourth, relevant risk warning

(1) The risk of uncertainty in the implementation of the shareholding reduction plan, such as the preconditions and restrictive conditions for the implementation of the plan

The specific circumstances in which the relevant conditions have been fulfilled or eliminated, etc

During the shareholding reduction period, the above-mentioned shareholders will decide whether to implement and how to implement the shareholding reduction plan according to market conditions, the company's stock price and other circumstances, and there is uncertainty about the number and price of the reduction. The shareholding reduction plan will not have a significant impact on the company's governance structure and continuing operations.

(2) Whether the implementation of the shareholding reduction plan may lead to the risk of a change in the control of the listed company □ Yes √ No

(3) Other risk warnings

The shareholding reduction plan complies with the provisions of relevant laws, regulations and normative documents such as the Securities Law of the People's Republic of China, the Rules for the Listing of Stocks on the Science and Technology Innovation Board of the Shanghai Stock Exchange, the Interim Measures for the Administration of Shareholding Reduction by Shareholders of Listed Companies, and the Self-Regulatory Guidelines for Listed Companies on the Shanghai Stock Exchange No. 15 - Reduction of Shareholdings by Shareholders, Directors, Supervisors and Senior Managers. During the period when shareholders reduce their shareholdings of the Company in accordance with the above plan, the Company will strictly abide by the relevant laws and regulations and fulfill the obligation of information disclosure in a timely manner. Investors are advised to invest rationally and pay attention to investment risks.

The announcement is hereby made.

Board of Directors of Wasion Information Technology Co., Ltd

December 14, 2024