Stock code: 688114 Stock abbreviation: MGI Announcement No.: 2025-008

Shenzhen MGI Technology Co., Ltd

Announcement on the abnormal fluctuation of the company's stock trading

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.

Important Content Notes:

●Shenzhen MGI Technology Co., Ltd. (hereinafter referred to as the "Company" or "the Company") shares

On February 5, February 6, and February 7, 2025, the closing price increase deviated from the value for three consecutive trading days

more than 30%. According to the relevant provisions of the "Shanghai Stock Exchange Trading Rules" and the "Detailed Rules for Real-time Monitoring of Abnormal Transactions of Stocks on the Science and Technology Innovation Board of the Shanghai Stock Exchange", it is an abnormal fluctuation of stock trading.

●After the company's self-examination and the letter to inquire about the controlling shareholder and actual controller, as of the disclosure date of this announcement, the company has no material information that should be disclosed but has not been disclosed. At present, the company's production and operation are normal, and there have been no major changes in production and operation.

1. The specific situation of abnormal fluctuations in stock trading

The closing price of the company's stock on February 5, February 6, February 7, 2025 for three consecutive trading days

The deviation from the increase has accumulated by more than 30%. According to the relevant provisions of the "Shanghai Stock Exchange Trading Rules" and the "Detailed Rules for Real-time Monitoring of Abnormal Transactions of Stocks on the Science and Technology Innovation Board of the Shanghai Stock Exchange", it is an abnormal fluctuation of stock trading.

2. The relevant situation that the company pays attention to and verifies

(1) The company's daily operations

According to the company's self-inspection, the company's current business activities are normal and no major changes have occurred. The market environment and industry policies in which the company is located have not undergone major adjustments.

(2) Major matters

1. After the company's self-inspection, and the company's controlling shareholders and actual controllers confirmed in writing: as of the disclosure date of this announcement, except for the information that has been publicly disclosed in the designated media according to the regulations, there is no other involvement in the company

material information that should have been disclosed but was not disclosed; There are no major matters such as mergers and acquisitions, share issuance, debt restructuring, business restructuring, asset divestitures and asset injections under planning; There is no trading of the company's shares during the abnormal fluctuation of the stock trading.

2. After the company's self-inspection, the company has not found other major matters that may have a greater impact on the company's stock price. The company's directors, supervisors and senior managers did not buy or sell the company's shares during the abnormal fluctuation of the stock transaction.

(3) Media reports, market rumors, and hot concepts

On February 4, 2025, the Department of Commerce issued the Working Mechanism for the Unreliable Entity List on the Conversion of U.S. PVH

Announcement on the inclusion of the Group and Illumina on the Unreliable Entity List, and the Working Mechanism of the Unreliable Entity List decided to include PVH Group and Illumina Inc. in the Unreliable Entity List. The above-mentioned two entities violated the principle of normal market transactions, interrupted normal transactions with Chinese enterprises, and took discriminatory measures against Chinese enterprises, seriously harming the legitimate rights and interests of Chinese enterprises. The Working Mechanism for the Unreliable Entity List will take corresponding measures against the above-mentioned entities in accordance with relevant laws and regulations.

After the company's self-inspection, in addition to the above matters, the company has not found any media reports or market rumors that may have a significant impact on the company's stock trading price and need to be clarified or responded to.

3. Statement of the Board of Directors

The Board of Directors of the Company confirms that, in addition to the matters that have been disclosed in accordance with the relevant regulations, the Company does not have any matters that should be disclosed but have not been disclosed in accordance with the Rules Governing the Listing of Stocks on the Sci-Tech Innovation Board of the Shanghai Stock Exchange (hereinafter referred to as the "Listing Rules of the Science and Technology Innovation Board") and other relevant regulations, or any plans and intentions related to such matters, and the Board has not been informed of the information that should be disclosed but not disclosed in accordance with the relevant provisions of the Listing Rules of the Sci-Tech Innovation Board and other relevant provisions that may have a greater impact on the trading price of the Company's shares and its derivatives.

Fourth, relevant risk warning

(1) In accordance with the requirements of the Company Law of the People's Republic of China, the Securities Law of the People's Republic of China and other relevant laws and regulations, the company will truthfully, accurately, timely, complete and fair disclose to investors material information that may affect the company's stock price for investors to make investment judgments. The company's shares were launched in February 2025

On the 5th, February 6th, and February 7th, the deviation of the closing price increase for three consecutive trading days exceeded 30%.

The short-term increase in the stock price is large, please pay attention to the risk of secondary market transactions, rational decision-making, and prudent investment.

(2) The company disclosed the "2024 Annual Results Forecast" on January 17, 2025, which was approved by the Finance Department

According to preliminary estimates, the company's annual performance loss in 2024 is expected, and the net profit attributable to the owners of the parent company in 2024 will be -67,000.00 yuan to -55,400.00 yuan. Investors are advised to invest rationally and pay attention to investment risks.

(3) The company solemnly reminds investors: "China Securities Journal", "Securities Times", "Shanghai Securities News", "Securities Daily" and "Economic Information Daily" are the company's designated information disclosure newspapers, and the Shanghai Stock Exchange website (www.sse.com.cn) is the company's designated information disclosure website. All information of the company is subject to the information published in the above-mentioned designated media. Investors are advised to invest rationally and pay attention to investment risks.

5. Documents for reference

"Reply to the Inquiry Letter on the Abnormal Fluctuation of the Stock Trading of Shenzhen MGI Technology Co., Ltd."

The announcement is hereby made.

Shenzhen MGI Technology Co., Ltd

board of directors

February 8, 2025