Securities code: 688114 Securities abbreviation: MGI Announcement No.: 2025-005

Shenzhen MGI Technology Co., Ltd

Announcement of the resolution of the 11th meeting of the second board of supervisors

The Board of Supervisors and all supervisors of the Company guarantee that there are no false records, misleading statements or major 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.

Shenzhen MGI Technology Co., Ltd. (hereinafter referred to as the "Company") is the 11th of the second board of supervisors

The meeting was held on January 17, 2025 in person with a combination of communication. The notice of the meeting was issued in January 2025

On the 14th of the month, it was sent to the auditors by email. There are 3 supervisors who should attend this meeting, and 3 supervisors who actually attended. The meeting was chaired by Mr. Zhou Chengshu, Chairman of the Board of Supervisors. The meeting was convened in accordance with the provisions of relevant laws, administrative regulations, departmental rules and the Articles of Association. The supervisors attending the meeting carefully deliberated the following proposals and made the following resolutions:

1. Reviewed and approved the "Proposal on the Estimated Quota of Daily Related Party Transactions in 2025"

After deliberation, the Board of Supervisors believes that the estimated amount of daily related party transactions in 2025 is in line with the actual needs of the company's daily business operations, and the transaction matters are carried out in accordance with the pricing principle of market price on the basis of equal consultation between related parties, which follows the general commercial principles, and the transaction pricing is fair, and there is no harm to the interests of the company and shareholders, especially the interests of small and medium-sized shareholders. The affiliated directors recused themselves from voting on the proposal in accordance with the law, and the deliberation procedures for the related party transaction were legal and valid.

For details, please refer to the "Announcement on the Estimated Quota of Daily Connected Transactions in 2025" (Announcement No.: 2025-006) disclosed by the Company on the website (www.sse.com.cn) of the Shanghai Stock Exchange on the same day.

Vote: 3 votes in favor, 0 votes against, 0 abstentions.

After the proposal is deliberated and approved by the board of supervisors of the company, it still needs to be submitted to the general meeting of shareholders of the company for deliberation and approval.

2. Reviewed and approved the "Proposal on the Permanent Replenishment of Surplus Funds from the Closure of Some Fund-raising Projects and the Cancellation of Special Accounts for Part of the Raised Funds"

After review, the board of supervisors believes that the company's permanent replenishment of the surplus funds from the completion of some fund-raising projects and the cancellation of some special accounts for raised funds are conducive to improving the efficiency of the use of raised funds and reducing the company's financial costs.

It conforms to the interests of the company and all shareholders of the company, does not harm the interests of the company's shareholders, especially small and medium-sized shareholders, and complies with the provisions of laws and regulations, normative documents such as the "Regulatory Guidelines for Listed Companies No. 2 - Regulatory Requirements for the Management and Use of Raised Funds by Listed Companies", "Rules for the Listing of Stocks on the Science and Technology Innovation Board of the Shanghai Stock Exchange", "Self-Regulatory Guidelines for Listed Companies on the Science and Technology Innovation Board of the Shanghai Stock Exchange No. 1 - Standardized Operation" and other laws and regulations, normative documents, as well as the Articles of Association and the Management System for Raised Funds. The company's deliberation and voting on this matter complied with the relevant provisions of the Company Law and the Articles of Association, and the procedures were legal and effective.

For details, please refer to the "Announcement on the Permanent Replenishment of Surplus Funds from the Closing of Part of the Fund-raising Projects and the Cancellation of the Special Account for Part of the Raised Funds" (Announcement No.: 2025-007) disclosed by the Company on the website of the Shanghai Stock Exchange (www.sse.com.cn) on the same day.

Vote: 3 votes in favor, 0 votes against, 0 abstentions.

After the proposal is deliberated and approved by the board of supervisors of the company, it does not need to be submitted to the general meeting of shareholders of the company for deliberation and approval.

3. Documents for reference

Resolution of the 11th Meeting of the 2nd Board of Supervisors of Shenzhen MGI Technology Co., Ltd.

The announcement is hereby made.

Shenzhen MGI Technology Co., Ltd

Supervisory board

January 18, 2025