Securities code: 688475 Securities abbreviation: EZVIZ Network Announcement No.: 2025-001

Hangzhou EZVIZ Network Co., Ltd

Regarding the progress of the actual controller's wholly-owned subsidiary increasing its shareholding in the company

announcement

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:

Hangzhou EZVIZ Network Co., Ltd. (hereinafter referred to as the "Company" or "EZVIZ Network") in 2024

On October 18, it received the actual controller of the company, China Electronics Technology Group (hereinafter referred to as "CETC")

The wholly-owned subsidiary of CETC Investment Holdings Co., Ltd. (hereinafter referred to as "CETC Investment") on the increase in shareholdings

The notice of the company's share plan, based on the confidence in the company's future development prospects and the recognition of the company's value,

It is planned to be collected through the trading system of the Shanghai Stock Exchange within 6 months from October 19, 2024

The total amount of the increase in holdings of the company's shares is not low, such as medium bidding and block trading

RMB 200 million (inclusive) and not more than RMB 400 million (inclusive). For details, please refer to the company

On October 1 www.sse.com.cn 9, 2024, the "EZVIZ

Announcement on the plan of the actual controller's wholly-owned subsidiary to increase the company's shares.

Progress in the implementation of the shareholding increase plan: As of the disclosure date of this announcement, the shareholding increase plan has passed half of the time and has been subject to the increase

Under the influence of factors such as the capital planning of the main body, the main body of the increase in holdings competes through the trading system of the Shanghai Stock Exchange

The company increased its holdings by 1,318,099 shares, accounting for 0.1674% of the company's total share capital, with a total increase in holdings

The amount is 39,626,649.92 yuan (excluding transaction fees). The implementation of this shareholding increase plan has not yet been completed, based on:

Firm confidence in the company's future sustainable and steady development prospects and recognition of the company's medium and long-term investment value,

The subject of the increase will increase its shareholding in a timely manner within the implementation time of the shareholding increase plan in accordance with the relevant shareholding increase plan.

Until the completion of the shareholding plan.

Relevant risk warning: The shareholding increase plan may be subject to changes in the capital market or is not yet available

Other risk factors predicted by the law lead to the risk that the implementation of the shareholding increase plan cannot meet expectations

Investors should be aware of the investment risks.

The specific situation is hereby announced as follows:

1. The basic situation of the main body of this increase

(1) The main body of the planned increase in holdings: CETC Investment Holding Co., Ltd. is a wholly-owned subsidiary of CETC Group, the actual controller of the company.

(2) The number and proportion of shares held before the increase: Before the increase, CETC Investment did not directly hold the company's shares, and CETC Group indirectly held the company's shares through its holding subsidiary, Hangzhou Hikvision Digital Technology Co., Ltd. (hereinafter referred to as "Hikvision"), which held 378,000,000 shares of the company, accounting for 48% of the company's total share capital.

(3) In the 12 months prior to the disclosure of the shareholding increase plan, the above-mentioned shareholding increase entity has not disclosed the shareholding increase plan.

Second, the main content of the shareholding plan

1. The purpose of this increase in holdings: confidence in the company's future development and recognition of long-term investment value.

2. The amount and price of this shareholding increase plan: not less than RMB 200 million (inclusive), not higher than per person

RMB 400 million (inclusive), this increase does not set a fixed price range, and the investment in Dianke will be based on the company

Reasonable judgment of stock value, and the implementation of the shareholding increase plan at the right time.

3. The implementation period of this shareholding increase plan: within 6 months from October 19, 2024. In the implementation of this

In the process of the shareholding increase plan, it will comply with the China Securities Regulatory Commission and the Shanghai Stock Exchange

Relevant provisions for stock trading.

4. The method of this shareholding increase plan: including but not limited to centralized bidding, block trading, etc

The way the exchange trading system allows.

5. The source of funds for this increase in shares: own funds or self-raised funds.

6. This increase is not based on the specific identity of the subject of the increase, and will continue to be realized if the relevant identity is lost

Implement the shareholding increase plan.

7. Relevant commitments: The subject of the increase in holdings promises that the increase plan will be in strict accordance with the China Securities Regulatory Administration

The provisions of relevant laws and regulations, departmental rules and normative documents of the Commission and the Shanghai Stock Exchange shall be implemented.

The shareholding increase entity and its persons acting in concert shall not reduce their holdings during the implementation of the shareholding increase plan and within the statutory period

shares of the company.

3. Progress in the implementation of the shareholding increase plan

As of the disclosure date of this announcement, the time of the shareholding increase plan has been more than half, affected by factors such as the capital planning of the increasing entity, the increasing entity has increased its holdings of 1,318,099 shares of the company through centralized bidding through the Shanghai Stock Exchange trading system, accounting for 0.1674% of the company's total share capital, with a total increase of 39,626,649.92 yuan (excluding transaction costs). Based on the firm confidence in the company's future sustainable and steady development prospects and the recognition of the company's medium and long-term investment value, the subject of the increase will increase its holdings of the company's shares in a timely manner during the implementation time of the shareholding increase plan in accordance with the relevant shareholding increase plan until the completion of the shareholding increase plan.

Fourth, the uncertainty risk of the implementation of the shareholding increase plan

There may be a risk that the implementation of the shareholding increase plan may be delayed or unable to be completed due to changes in capital market conditions and other factors. If the above-mentioned risk situations occur during the implementation of the shareholding increase plan, the company will fulfill its information disclosure obligations in a timely manner.

5. Other relevant instructions

1. In the follow-up implementation of the shareholding increase plan, the subject of the shareholding increase will strictly abide by the relevant regulations of the China Securities Regulatory Commission and the Shanghai Stock Exchange on the changes in the rights and interests of listed companies and the sensitive period of stock trading.

2. This increase will not lead to the company's equity distribution not meeting the listing conditions, and will not lead to a change in the company's control.

3. The company will continue to pay attention to the relevant situation of the shareholding increase plan in accordance with the "Rules for the Listing of Stocks on the Science and Technology Innovation Board of the Shanghai Stock Exchange" and other relevant regulations, and fulfill the obligation of information disclosure in a timely manner.

The announcement is hereby made.

Hangzhou EZVIZ Network Co., Ltd

Board of Directors

January 18, 2025