Shenzhen MGI Technology Co., Ltd

Short Form Report on Changes in Equity

Listed company: Shenzhen MGI Technology Co., Ltd

Listed on the Shanghai Stock Exchange

Stock abbreviation: MGI

Stock Code: 688114. SH

One of the information disclosure obligors: Tianjin Kunpeng Management Consulting Partnership (Limited Partnership)

Residence/Mailing Address: Room 312, No. 1, Second Street, Airport International Logistics Zone, Tianjin Pilot Free Trade Zone (Airport Economic Zone) (No. 811, Tianjin Xinzhishang Business Secretary Co., Ltd.)

Information Disclosure Obligor 2: Earning Vast Limited

Residence/Mailing Address: Room 5505, 55/F, Central Centre, 99 Queen's Road Central, Hong Kong

Information Disclosure Obligor No. 3: Ascent Cheer Limited

Residence/Mailing Address: Room 5505, 55/F, Central Centre, 99 Queen's Road Central, Hong Kong

Nature of change in shares: reduction and passive dilution

Date of signing: April 15, 2025

Disclosure Obligor Statement

1. This report is prepared by the information disclosure obligor in accordance with the Company Law of the People's Republic of China, the Securities Law of the People's Republic of China, the Administrative Measures for the Acquisition of Listed Companies, and the Guidelines for the Content and Format of Information Disclosure of Companies Offering Securities to the Public No. 15 - Report on Changes in Equity and other relevant laws, regulations and normative documents.

2. The information disclosure obligor has obtained the necessary authorization and approval to sign this report.

3. In accordance with the Securities Law of the People's Republic of China, the Administrative Measures for the Acquisition of Listed Companies, and the Standards for the Content and Format of Information Disclosure of Companies Offering Securities to the Public No. 15 - Report on Changes in Equity, this report has fully disclosed the changes in the shares of the equity interests of Shenzhen MGI Technology Co., Ltd. owned by the information disclosure obligor.

As of the date of this report, except for the shareholding information disclosed in this report, the information disclosure obligor has not increased or decreased its shares in Shenzhen MGI Technology Co., Ltd. by any other means.

4. The change in equity is based on the information contained in this report. Except for the person obligated to disclose this information, no other person has been entrusted or authorized to provide information not contained in this report and to give any explanation or explanation to this report.

5. The information disclosure obligor undertakes that there are no false records, misleading statements or material omissions in this report, and assumes individual and joint legal liability for its authenticity, accuracy and completeness.

Table of Contents

Disclosure Obligor Statement...... 2

Section 1: Interpretation ...... 4

Section 2: Introduction to Information Disclosure Obligors ...... 5

Section 3 Purpose of Changes in Equity ...... 8

Section 4 Methods of Change of Equity ...... 9

Section 5 Trading of MGI Shares in the First Six Months ...... 10

Section 6 Other Major Matters ...... 11

Section 7 Documents for Reference ...... 12

Schedule: Short-Form Report on Changes in Equity...... 19

Section 1: Interpretation

In this report, unless otherwise specified, the following shall have the following meanings:

Listed companies, companies, this refers to Shenzhen MGI Technology Co., Ltd

Company, MGI

Information Disclosure Obligor means Tianjin Kunpeng Management Consulting Partnership (Limited Partnership), EarningVast Limited, Ascent

Cheer Limited

This report and report refer to the short-form report on changes in equity of Shenzhen MGI Technology Co., Ltd

On April 15, 2025, the information disclosure obligor will reduce its holdings of the company in aggregate through inquiry and transfer

1,500,000 RMB ordinary shares, representing 0.36% of the total share capital of the listed company. furthermore

This change in equity refers to the changes in equity due to the Company on October 21, 2022, May 10, 2023, and October 16, 2024

In 2020, the completion of the exercise of the stock option incentive plan led to an increase in the company's total share capital, and the obligation to disclose information

Passive dilution of 0.04% of total share capital.

Yuan means the Chinese Yuan Yuan

Any discrepancies between the total and the sum of the details in this report are due to rounding.

Section 2: Introduction of Information Disclosure Obligors

1. Basic information of the information disclosure obligor

(1) One of the persons obligated to disclose information

Company Name: Tianjin Kunpeng Management Consulting Partnership (Limited Partnership)

Type of business: Limited partnership

Registered address: Room 312, No. 1, Second Avenue, Airport International Logistics Zone, Tianjin Pilot Free Trade Zone (Airport Economic Zone).

(Tianjin Xinzhishang Business Secretary Co., Ltd. Custody No. 811)

Executive Partner, Shenzhen Jingchuang Intelligent Manufacturing Enterprise Management Partnership (Limited Partnership)

Date of Establishment June 16, 2020

Unified Social Credit Code: 91120118MA072C7A3H

The company will invest CNY 631 million

Business Scope General Items: Socio-economic Consulting Services; Information technology consulting services (except for projects subject to approval by law.)

In addition, independently carry out business activities with a business license in accordance with the law)

Duration of operation There is no fixed term

The shareholding structure of Tianjin Kunpeng Management Consulting Partnership (Limited Partnership) is as follows:

Serial No. Name Contribution Ratio

1 Shenzhen Harmonious Growth Phase III Science and Technology Development Equity Investment Fund Partnership (Limited Partnership) 99.8415%

2 Shenzhen Jingchuang Intelligent Manufacturing Enterprise Management Partnership (Limited Partnership) 0.1585%

Total 100.0000%

The main person in charge of Tianjin Kunpeng Management Consulting Partnership (Limited Partnership):

Name, Position, Gender, Nationality, Long-term residence

Appointed by the Managing Partner

Niu Kuiguang, male, China, Beijing, China

table

(2) The second person with the obligation to disclose information

Business name Earning Vast Limited

Type of enterprise: Foreign-funded enterprise

Registered address: Room 5505, 55th Floor, Central Centre, 99 Queen's Road Central, Hong Kong

Date of establishment March 25, 2020

Company number 2926439

The issued share capital is US$85 million

The shareholding structure of Earning Vast Limited is as follows:

Serial No. Name Contribution Ratio

1 Sharp Vantage Limited 100%

Total 100%

Key Persons in Charge of Earning Vast Limited:

Name, Position, Gender, Nationality, Long-term residence

Ho Chi Shing, Director, male, Canada, Hong Kong

(3) The third person with the obligation to disclose information

The business name is Ascent Cheer Limited

Type of enterprise: Foreign-funded enterprise

Registered address: Room 5505, 55th Floor, Central Centre, 99 Queen's Road Central, Hong Kong

Date of establishment October 18, 2019

Company number 2883740

The issued share capital is US$15 million

The shareholding structure of Ascent Cheer Limited is as follows:

Serial No. Name Contribution Ratio

1 GRACE INSIGHT LIMITED 100%

Total 100%

Key Persons in Charge of Ascent Cheer Limited:

Name, Position, Gender, Nationality, Long-term residence

Ho Chi Shing, Director, male, Canada, Hong Kong

II. Explanation of the Concerted Action Relationship of the Information Disclosure Obligor (if applicable)

Tianjin Kunpeng Management Consulting Partnership (Limited Partnership), Earning Vast Limited, and Ascent Cheer

The Limited did not sign a concerted action agreement with each other, and followed the principle of prudence, and disclosed information in accordance with the relevant rules for persons acting in concert with a total shareholding ratio of more than 5% when reducing shareholdings.

3. The shares in which the information disclosure obligor has an interest in other listed companies at home or abroad reach or exceed 5% of the issued shares of the company

As of the date of this report, the information disclosure obligor does not have an interest in other listed companies in China or overseas that reaches or exceeds 5% of the issued shares of the company.

Section 3: Purpose of Changes in Equity and Interests

1. The purpose of the change in the rights and interests of the information disclosure obligor

The change in equity is caused by the reduction of the shareholding ratio of the information disclosure obligor due to its own capital needs and the passive dilution of the shareholding ratio.

2. The information disclosure obligor's share increase or decrease plan in the next 12 months

As of the date of signing this report, the information disclosure obligor does not rule out the possibility of increasing or decreasing its holdings of MGI shares in the next 12 months, and will fulfill its information disclosure obligations in a timely manner in strict accordance with the relevant laws and regulations if there is any change in relevant rights and interests in the future.

Section 4: Methods of Changes in Equity and Interests

1. The basic situation of the change in rights and interests

The method of this equity change is: April 15, 2025, the information disclosure obligor will transfer by inquiry

Reduction of shares in listed companies, in addition, October 21, 2022, May 10, 2023, October 2024

On the 16th, due to the completion of the exercise of the company's 2020 stock option incentive plan, the company's total share capital increased, and the information was disclosed

The obligor's shareholding ratio is passively diluted.

This change in equity will not result in a change in the control of MGI.

2. Shareholdings before and after the change in equity

Before and after this change in equity, the information disclosure obligor holds the shares of the listed company as follows:

Shares held before this change Shares held after this change

Name of Shareholder Nature of Shares Proportion of Total Share Capital Proportion of Total Share Capital

Number of shares (shares) (%) Number of shares (%)

Tianjin Kunpeng Tube Total holdings 10,623,146 2.57% 9,908,446 2.38%

Consulting Partners Including: Unlimited 0 0.00% 9,908,446 2.38%

Enterprises (Limited Conditional Shares

Partnership) Limited Sale 10,623,146 2.57% 0 0.00%

pieces

Total holdings 9,922,720 2.40% 9,255,220 2.22%

Earning Vast Where: Unlimited 0 0.00% 9,255,220 2.22%

Limited Conditional Shares

Sold Label 9,922,720 2.40% 0 0.00%

pieces

Total holdings 1,751,069 0.42% 1,633,269 0.39%

Ascent Cheer Including:Unlimited 0 0.00% 1,633,269 0.39%

Limited Conditional Shares

Sold 1,751,069 0.42% 0 0.00%

pieces

Total 22,296,935 5.40% 20,796,935 4.99%

Note: The "number of shares (shares)" in the "shares held before this change" refers to the number of shares held by the information disclosure obligor at the time of the company's listing

Measure. The "proportion of shares held before this change" is based on the total share capital of the company after the completion of the listing and issuance of 413,110,000

Share-based measurement; The "proportion of shares held after this change" is signed by the company as of this report

The total daily share capital is 416,516,155 shares.

3. Restrictions on the rights and interests of the discloser

As of the date of this report, the shares of MGI held by the information disclosure obligor are not substantial

Pledge, freeze, or other restricted circumstances.

Section 5 Trading of MGI shares within the previous six months

In the six months prior to the date of this report, the information disclosure obligor did not buy or sell the shares of MGI.

Section 6: Other major matters

As of the date of signing this report, the information disclosure obligor has truthfully disclosed the relevant information of the change in equity in accordance with the relevant regulations, and there is no other material information that should be disclosed by the information disclosure obligor in accordance with the applicable law and in order to avoid misunderstanding of the content of this report.

Section 7: Documents for reference

1. Catalogue of documents for reference

1. A copy of the business license of the information disclosure obligor;

2. The list of directors and their main responsible persons of the information disclosure obligor and copies of their identity documents;

3. The report on the change in equity signed by the information disclosure obligor.

2. Location of access

The full text of this report and the documents for reference are placed in Shenzhen MGI Technology Co., Ltd. for investors' inspection.

Disclosure Obligor Statement

The company promises that there are no false records, misleading statements or material omissions in this report, and assumes individual and joint legal responsibility for its authenticity, accuracy and completeness.

Information Disclosure Obligor (Seal): Tianjin Kunpeng Management Consulting Partnership (Limited Partnership)

(Signed):

April 15, 2025

Disclosure Obligor Statement

The company promises that there are no false records, misleading statements or material omissions in this report, and assumes individual and joint legal responsibility for its authenticity, accuracy and completeness.

Information Disclosure Obligor (Seal): Earning Vast Limited

(Signed):

April 15, 2025

Disclosure Obligor Statement

The company promises that there are no false records, misleading statements or material omissions in this report, and assumes individual and joint legal responsibility for its authenticity, accuracy and completeness.

Information disclosure obligor (seal): Ascent Cheer Limited

(Signed):

April 15, 2025

(There is no text on this page, it is the "Report on Changes in Equity in Simplified Form of Shenzhen MGI Technology Co., Ltd.")

Signature page)

Information Disclosure Obligor (Seal): Tianjin Kunpeng Management Consulting Partnership (Limited Partnership)

(Signed):

April 15, 2025

(There is no text on this page, it is the "Report on Changes in Equity in Simplified Form of Shenzhen MGI Technology Co., Ltd.")

Signature page)

Information Disclosure Obligor (Seal): Earning Vast Limited

(Signed):

April 15, 2025

(There is no text on this page, it is the "Report on Changes in Equity in Simplified Form of Shenzhen MGI Technology Co., Ltd.")

Signature page)

Information disclosure obligor (seal): Ascent Cheer Limited

(Signed):

April 15, 2025

Schedule:

Short Form Report on Changes in Equity

Basic information

Shenzhen MGI is where the listed company is located

Name of listed company Science & Technology Co., Ltd. Shenzhen

firm

Stock abbreviation: MGI Stock code: 688114.SH

of the information disclosure obliger

1: Tianjin Pilot Free Trade Zone

(Airport Economic Zone) airport

2nd Avenue 1, International Logistics Zone

Room 312, Tianjin Kunpeng Management (Tianjin Xinzhi

Consulting partnership Shang Business Secretaries Limited

Information Disclosure Obligor (Limited Contract Information Disclosure Obligation Escrow No. 811)

Name of Partner), Earning Person's Place of Registration, Information Disclosure Obligor

Vast Limited, 2: 9 Queen's Road Central, Hong Kong

Ascent Cheer L 9, 55th Floor, Central Centre, 55

Imited Room 05

of the information disclosure obliger

Three: Queen's Road Central, Hong Kong 9

9 Central Centre, 55th Floor, 55

Room 05

Shares with interest Increase □ decrease √ Whether there is concerted action

The change in quantity remains the same, but there are □ and no √ of shareholders

People change □

Information Disclosure Obligor Information Disclosure Obligation

Is it a listed company Yes □ No √ Whether the person is listed Yes □ No √

The largest shareholder is actually controlled by the company

person

Centralized trading through the stock exchange□ transfer □ by agreement

Methods of change of equity Administrative transfer or change of state-owned shares□ Indirect transfer □

(Multiple selections) Obtain new shares issued by listed companies□ □ execution court ruling

Inheritance□ Gift □

Other √ (please specify) inquiry transfer, passive dilution

Information Disclosure Obligor

Equity before disclosure Type of shares: RMB ordinary shares

Number of shares and number of shares: 22,296,935

Listed company issued shareholding ratio: 5.40%

Proportion of shares

This change in equity

Afterwards, the information disclosure meaning Stock type: RMB ordinary shares

Number of shares held by the employee with interest: 20,796,935

Number of shares and changes Shareholding ratio: 4.99%

proportion

Owned in listed companies: October 2022 to April 2025

Equity share variation: share reduction and passive dilution

When and how it moved

Has it been adequately disclosed Yes□ No□ N/A √

Source

Information Disclosure Obligor

Whether it is intended for the next 12 Yes □ No √

Continued to increase holdings during the month

Information Disclosure Obligor

In the preceding 6 months it was

No to buy in the secondary market Yes □ No √

Sell shares of the listed company

ticket

Where the controlling shareholder or actual controller of a listed company is involved in reducing its shareholdings, the information disclosure obligor shall also explain the following contents:

Controlling shareholder or actual

When the controller reduces his holdings, it is

Whether there is infringement of listing Yes□ No□ Not applicable √

Company and Shareholders' Equity

problems

Controlling shareholder or actual

When the controller reduces his holdings, it is

Whether there is any outstanding liquidation

For liabilities to the company, Yes □ No□ Not applicable √

The company has not been terminated (if yes, please specify the specific situation)

Liabilities provided by the burden

protection, or damage to the public

other circumstances of the interests of the Division

shape

Yes□ No□ N/A √

Approval is not required

Has been approved Yes□ No□ N/A √

(There is no text on this page, it is the attached signed page of the "Report on Changes in Equity in Simplified Form of Shenzhen MGI Technology Co., Ltd.")

Information Disclosure Obligor (Seal): Tianjin Kunpeng Management Consulting Partnership (Limited Partnership)

(Signed):

April 15, 2025

(There is no text on this page, it is the attached signed page of the "Report on Changes in Equity in Simplified Form of Shenzhen MGI Technology Co., Ltd.")

Information Disclosure Obligor (Seal): Earning Vast Limited

(Signed):

April 15, 2025

(There is no text on this page, it is the attached signed page of the "Report on Changes in Equity in Simplified Form of Shenzhen MGI Technology Co., Ltd.")

Information disclosure obligor (seal): Ascent Cheer Limited

(Signed):

April 15, 2025