securities code: 688158 securities abbreviation: youcarde announcement number: 2023-039

Youkode Technology Co., Ltd.

Announcement on the Resignation of Company Directors

the company's board of directors and all directors to ensure that the contents of this announcement does not exist any false records, misleading statements or major omissions, and the authenticity, accuracy and completeness of the contents of the legal responsibility.

the board of directors of youkede Technology Co., Ltd. (hereinafter referred to as "youkede" or "the company") recently received a written resignation report submitted by Mr. Hua Kun, a director of the company. Mr. Hua Kun applied to the company for personal reasons to resign as a director of the company. After his resignation, Mr. Hua Kun no longer holds any position in the company and its subsidiaries.

As of the date of this announcement, Mr. Hua Kun directly holds 5.17 of the Company's shares and indirectly holds 0.51 of the Company's shares through Jiaxing Yunxian Enterprise Management Partnership (Limited Partnership), mr. Hua Kun promised to continue to abide by the "Shanghai Stock Exchange Science and Technology Innovation Board Stock Listing Rules", "Several Provisions on Shareholding Reduction of Shareholders of Listed Companies, Directors, Supervisors, and Senior Executers' Shareholding Reduction Implementation Rules for Managers and other relevant laws and regulations, as well as the provisions of the Equity Incentive Management System of Youkede Technology Co., Ltd.

The resignation of Mr. Hua Kun will not cause the number of members of the company's board of directors to fall below the statutory minimum, and will not affect the normal operation of the company's board of directors. His resignation report will take effect from the date when it is delivered to the company's board of directors.

Mr. Hua Kun has been conscientious and diligent during his tenure as a director of the company. The company and the board of directors express their heartfelt thanks to Mr. Hua Kun for his contribution to the company during his tenure!

It is hereby announced.

Board of Directors of UCLA Technology Co., Ltd.

23 September 2023

securities code: 688158 securities abbreviation: youkede announcement number: 2023-040

Youkode Technology Co., Ltd.

suggestive announcement on the conversion of some special voting shares into ordinary shares

the company's board of directors and all directors to ensure that the contents of this announcement does not exist any false records, misleading statements or major omissions, and the authenticity, accuracy and completeness of the contents of the legal responsibility.

Important Note:

● before this special voting right change, the founders of youkiede technology co., ltd. (hereinafter referred to as "the company" or "youkiede"), Mr. Ji xinhua, Mr. Hua Kun and Mr. mo xianfeng, held a total of 97,688,245 shares of the company, accounting for 21.56 of the total share capital of the company. Each share corresponds to 5 voting rights, with a total of 488,441,225 voting rights, accounting for 57.88 of all voting rights.

● Mr. Hua Kun, a director of the Company, resigned as a director of the Company and all the special voting shares of the Company held by him were converted into ordinary shares. After this special voting rights change, the shares held by Mr. Ji Xinhua and Mr. Mo Xianfeng still have special voting rights, and the three are still acting in concert, the total number of voting rights is 394,727,081 votes, accounting for 52.62 of the total number of voting rights of the company, the company's control has not changed. This change in special voting rights does not involve an increase or decrease in the number of shares held by shareholders.

1. special voting rights settings

1. Basic information on special voting rights

On March 17, 2019, the company held the first extraordinary general meeting of shareholders in 2019, and voted to pass the "Proposal on the Proposal of Youkede Technology Co., Ltd. on the Setting of Special Voting Shares", and amended the company's articles of association. Set up special voting rights.

according to the special voting rights setting arrangement, the number of voting rights per share of class a shares held by the common actual controllers Ji Xinhua, mo xianfeng and Hua Kun is 5 times the number of voting rights per share of class B shares held by other shareholders. Ji Xinhua, Mo Xianfeng and Hua Kun have absolute control over the operation and management of the Company and over matters requiring resolutions of the General Meeting of Shareholders.

The shares issued by the company for the initial public offering and listing on the science and technology innovation board, and the shares traded by the company in the secondary market, are Class B shares.

2. the operating period of the special voting arrangement

On March 17, 2019, the Company set up special voting rights. Special voting rights have been established and have been operating normally.

3. the shares of special voting rights and the corresponding number of voting rights

the total number of special voting rights set by the company's co-controlling shareholders and actual controllers is 97,688,245 class a shares, of which Ji Xinhua holds 50,831,173 class a shares, mo xianfeng holds 23,428,536 class a shares, and Hua Kun holds 23,428,536 class a shares, accounting for 21.56 of the company's total share capital. each share corresponds to 5 voting rights, with a total number of 488,441,225 voting rights, 57.88 per cent of all voting rights in the company. The details are shown in the following table:

■

Basic information on changes in 2. special voting rights

Reasons for conversion of (I) special voting shares

Mr. Hua Kun resigned as chief operating officer of the company in April 2022 and recently resigned as a director of the company. according to articles 4.5.3 and 4.5.9 of the rules governing the listing of shares on the Science and Technology Innovation Board of the Shanghai Stock Exchange and articles 19 and 21 of the articles of Association, after leaving office as a director of the company, Mr. Hua Kun is no longer qualified to hold special voting rights, all the special voting shares of the company held by them will be converted into ordinary shares at a ratio of 1:1.

(II) changes in special voting rights before and after this conversion

after Mr. Hua Kun leaves office as a director of the company, all the special voting shares of the company held by him are converted into ordinary shares, each share corresponds to 1 vote, and the number of voting rights is 23,428,536, accounting for 3.12 of the total voting rights of the company. This change in special voting rights does not involve an increase or decrease in the number of shareholders' holdings, as shown in the table below:

■

The impact of the conversion of 3. special voting shares on the company

The change of the company's special voting rights will not lead to a change in the company's control, in line with the the People's Republic of China Company Law, the the People's Republic of China Securities Law, the Shanghai Stock Exchange Science and Technology Innovation Board Stock Listing Rules, the Measures for the Administration of Acquisitions of Listed Companies and other relevant laws, Regulations and regulatory documents will not adversely affect the company's governance structure and continuous operations, nor will it have a significant impact on the company's main business and financial status, it will not affect the independence of the company's personnel, financial independence and asset integrity, and there is no harm to the interests of the company and small and medium shareholders. Please pay attention to the majority of investors investment risk.

It is hereby announced.

Youkode Technology Co., Ltd.

Board of Directors

23 September 2023