Securities code: 688158 Securities abbreviation: UCD Announcement No.: 2025-004

UCD Technology Co., Ltd

Announcement on abnormal fluctuations in stock trading and serious abnormal fluctuations

The board of directors and all directors 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:

The stock of UCD Technology Co., Ltd. (hereinafter referred to as the "Company") was released on February 12, February

On the 13th and February 14th, the deviation of the closing price increase exceeded 30% in three consecutive trading days. according to

The relevant provisions of the Rules for the Listing of Stocks on the Sci-Tech Innovation Board of the Shanghai Stock Exchange, the Trading Rules of the Shanghai Stock Exchange, and the Detailed Rules for Real-time Monitoring of Abnormal Trading of Stocks on the Sci-Tech Innovation Board of the Shanghai Stock Exchange are abnormal fluctuations in stock trading.

The company's stock has had 3 abnormal fluctuations in the same direction in 10 consecutive trading days, 30 in a row

The deviation of the closing price increase during the trading day is more than 200%. According to the relevant provisions of the Rules for the Listing of Stocks on the Science and Technology Innovation Board of the Shanghai Stock Exchange, the Trading Rules of the Shanghai Stock Exchange, and the Rules for Real-time Monitoring of Abnormal Trading of Stocks on the Science and Technology Innovation Board of the Shanghai Stock Exchange, it is a situation of serious abnormal fluctuations in stock trading.

After the company's self-examination and written consultation with the company's controlling shareholders, actual controllers and persons acting in concert, as of the disclosure date of this announcement, the company's controlling shareholders, actual controllers and persons acting in concert with them have no major matters affecting the abnormal fluctuations of the company's stock trading; There is no other 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.

DeepSeek is an open-source model, which can be adapted and localized by each vendor according to its own needs, and any user can carry out related business based on the model for free.

The company has also recently carried out a full range of model adaptation work with DeepSeek, and is currently working on the company's business

There is no material impact on the development.

After verification, as of the disclosure date of this announcement, the company does not directly or indirectly hold Hangzhou DeepSeek Artificial Intelligence Basic Technology Research Co., Ltd. (DeepSeek is the basic technology of Hangzhou DeepSeek artificial intelligence

Research Co., Ltd.'s large model) equity, no business cooperation.

The company's stock has been up and down for 4 consecutive trading days for 10 consecutive trading days since February 5, 2025

There were 3 abnormal fluctuations and 2 severe abnormal fluctuations during the trading day. Available since January 20, 2020

According to the company's latest disclosure of the "2024 Annual Performance Forecast", as of the end of 2024, the company is still in a loss-making state.

As of February 14, 2025, the company's closing price is 38.37 yuan per share, according to the CSI Index

According to the data released by the company, the company's latest price-to-book ratio is 7.03 times, and the latest price-to-book ratio of the Internet and related services industry in which the company is located is 3.42 times, and the company's price-to-book ratio is significantly higher than the industry level. The company's current stock price has the risk of irrational speculation and the possibility of a pullback, and the transaction risk is large, the company especially reminds investors to pay attention to the risk of secondary market transactions, rational decision-making, and prudent investment.

1. The specific situation of abnormal fluctuations and serious abnormal fluctuations in stock trading

The company's stock closed on February 12, February 13, and February 14 for 3 consecutive trading days

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

The company's shares have had 3 abnormal fluctuations in the same direction in 10 consecutive trading days, and have been traded for 30 consecutive days

The deviation of the closing price increase in the day has exceeded 200%. According to the relevant provisions of the Rules for the Listing of Stocks on the Science and Technology Innovation Board of the Shanghai Stock Exchange, the Trading Rules of the Shanghai Stock Exchange, and the Rules for Real-time Monitoring of Abnormal Trading of Stocks on the Science and Technology Innovation Board of the Shanghai Stock Exchange, it is a situation of serious abnormal fluctuations in stock trading.

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

In view of the abnormal fluctuations in the company's stock trading, the company self-examined and sent a letter to the company's controlling shareholder, actual controller and persons acting in concert with the company's confirmation, and the relevant situation is hereby explained as follows:

(A) production and operation

According to the company's self-inspection, the company's current production and operation are normal, and there have been no major changes in production and operation.

On January 25, 2025, the Company disclosed the 2024 Urade Technology Co., Ltd

Annual performance forecast", according to the preliminary calculation of the company's financial department, the company expects a loss in 2024, and the net profit attributable to the owners of the parent company is expected to be about -238.37 million yuan in 2024

The net profit attributable to the owners of the parent company after deducting non-recurring gains and losses in 2024 will be about -244.75 million yuan.

Since its listing on January 20, 2020, the company has continued to lose money, according to the company's latest disclosure

According to the 2024 Annual Results Forecast, the company is still in the red at the end of 2024. Please pay attention to the investment risks.

(2) Major matters

After the company's self-examination and written consultation with the company's controlling shareholders, actual controllers and persons acting in concert, up to now, there are no major matters affecting the abnormal fluctuation of the company's shares, and there is no material information that should be disclosed but not disclosed, including but not limited to mergers and acquisitions, share issuance, debt restructuring, business restructuring, asset stripping and asset injection.

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

After self-examination, the company noticed that the relevant platform included the company's shares in the DeepSeek concept stock. The Company clarifies the relevant matters as follows:

DeepSeek is an open-source model, which can be adapted and localized by each vendor according to its own needs, and any user can carry out related business based on the model for free.

The company has also recently carried out a full series of model adaptation work with DeepSeek, which has no material impact on the company's business development at present.

After verification, as of the disclosure date of this announcement, the company does not directly or indirectly hold the equity of Hangzhou DeepSeek Artificial Intelligence Basic Technology Research Co., Ltd. (DeepSeek is a large model under Hangzhou DeepSeek Artificial Intelligence Basic Technology Research Co., Ltd.), and has not carried out business cooperation.

In addition to the above matters, the Company has not identified other media reports or market rumors that may have a significant impact on the trading price of the Company's shares and require clarification or response from the Company.

(4) Other price-sensitive information

After verification, the company has not found other major events that may have a greater impact on the company's stock price. The directors, supervisors, senior managers, controlling shareholders, actual controllers and persons acting in concert with them did not buy or sell the company's shares during the period of abnormal stock fluctuations.

3. Statements of the Board of Directors and commitments of relevant parties

The board of directors of the company confirms that as of the disclosure date of this announcement, in addition to the matters that have been disclosed in accordance with the regulations, this

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 and other relevant provisions, or the planning and intention related to such matters, and the Board of Directors has not been informed of the information that should be disclosed but not disclosed in accordance with the Listing Rules of the Sci-Tech Innovation Board and other relevant provisions, which 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.

(2) The company solemnly reminds investors that "China Securities Journal", "Shanghai Securities News" and "Securities Times" are the company's designated information disclosure newspapers and periodicals, and the Shanghai Stock Exchange website (www.sse.com.cn) is the designated information disclosure website. All information of the company is subject to the information published in the above-mentioned designated media.

(3) The company's stock price is affected by a variety of factors, and there is no major change in the company's main business, and there is no material information that should be disclosed but has not been disclosed. The company's stock price fluctuates greatly in the short term, and the company especially reminds investors to pay attention to the risks of secondary market transactions, make rational decisions and invest prudently.

5. Online announcement documents

(1) Reply to the "Confirmation Letter on Abnormal Fluctuations and Serious Abnormal Fluctuations in the Stock Trading of UCD Technology Co., Ltd."

The announcement is hereby made.

UCD Technology Co., Ltd

Board of Directors

February 15, 2025