Stock code: 688114 Stock abbreviation: MGI Announcement No.: 2025-016

Shenzhen MGI Technology Co., Ltd

The report on the results of the shareholder's inquiry and the proportion of equity held by the shareholder holding more than 5% of the shares is reduced to less than 5%.

Indicative announcement of equity changes

CPE Investment (Hong Kong) 2018 Limited, CHD Biotech Co-invest Limited, Tianjin Kunpeng Management Consulting Partnership (Limited Partnership), Earning Vast Limited, Ascent Cheer Limited (hereinafter collectively referred to as the "Transferor") guarantee that the information provided to MGI Technology Co., Ltd. does not contain any false records, misleading statements or material omissions, and bear legal responsibility for their authenticity, accuracy and completeness in accordance with the law.

The Company and all members of the Board of Directors guarantee that the content of the announcement is consistent with the information provided by the information disclosure obligor.

Important Content Notes:

The price of this inquiry transfer is 65.00 yuan per share, and the number of shares transferred is 7,710,256 shares.

The controlling shareholders, actual controllers, directors, supervisors and senior management of Shenzhen MGI Technology Co., Ltd. (hereinafter referred to as the "Company") did not participate in the transfer of this inquiry.

The transfer of this inquiry will not lead to a change in the controlling shareholder and actual controller of the company.

After this change in equity, the proportion of shares held by CPE Investment (Hong Kong) 2018 Limited and CHD Biotech Co-invest Limited, acting in concert, has decreased from 6.53% of the total share capital of the Company to 6.53

4.99%, the proportion of equity held in the company dropped to less than 5%; Tianjin Kunpeng Management Consulting Partnership (Limited Partnership), Earning Vast Limited and Ascent Cheer Limited together held the company's shares from 5.40% to 4.99% of the company's total share capital, and the proportion of the company's equity held in the company decreased to less than 5%.

1. Information of the transferor

(1) Basic information of the transferor

As of April 3, 2025, the number of pre-IPO shares of the company held by the transferor, as well as the total number of shares of the company

The proportions of this are as follows:

(2) A description of the relationship between the transferor acting in concert and the specific circumstances

Among the transferors of this inquiry transfer, CPE Investment (Hong Kong) 2018 Limited and CHDBiotech Co-invest Limited are acting in concert; Tianjin Kunpeng Management Consulting Partnership (Limited Partnership), Earning Vast Limited and Ascent Cheer Limited did not sign a concerted action agreement, and followed the principle of prudence, and disclosed information in accordance with the relevant rules for concerted actors with a total shareholding ratio of more than 5% when reducing shareholdings.

(3) The specific circumstances of this transfer

(4) The reasons and effects of the transferor's failure to transfer

□ Applicable √ Not applicable

2. Changes in the transferor's shareholding interests

√ Applicable □Not applicable

(1) CPE Investment (Hong Kong) 2018 Limited and persons acting in concert increased the total share capital of the Company due to the completion of the exercise of the Company's 2020 stock option incentive plan on October 21, 2022, May 10, 2023 and October 16, 2024, CPE Investment (Hong Kong) 2018 Limited and CHD Biotech passive dilution of Co-invest Limited's shareholding; CPEInvestment (Hong Kong) 2018 Limited and CHD Biotech Co-invest Limited, acting in concert, reduced their holdings by 6,072,000 shares and 138,256 shares respectively through inquiry transfer on April 15, 2025, accounting for 1.46% and 0.03% of the company's total share capital.

After the completion of the inquiry transfer, CPE Investment (Hong Kong) 2018 Limited and persons acting in concert hold a total of 20,769,163 shares of the company, and the proportion of shares held in the company has decreased from 6.53% to 4.99% of the company's total share capital, and the proportion of equity in the company has been reduced to less than 5%.

1. Basic information

2. The specific situation of this change in rights and interests

　　BiotechCo-investLimited

Note 1: The change method "other" refers to the increase in the company's total share capital due to the completion of the exercise of the company's 2020 stock option incentive plan, and the passive dilution of the transferor's shareholding ratio. Note 2: The above reduction ratio is rounded off, so there may be mantissa differences.

3. Before and after the change in equity, the changes in the shares of investors and their persons acting in concert with the interests of the listed company

Note: The "number (shares)" of "holdings before this transfer" refers to the number of shares held by the transferor when the company is listed. The "proportion of total share capital" of "holdings before the transfer" is calculated based on the total share capital of 413,110,000 shares after the completion of the company's listing and issuance; The "proportion of total share capital" of "holding after this transfer" is calculated on the basis of the company's total share capital of 416,516,155 shares as of the date of disclosure of this announcement.

(2) Tianjin Kunpeng Management Consulting Partnership (Limited Partnership) and other three entities

On October 21, 2022, May 10, 2023 and October 16, 2024, due to the increase in the total share capital of the Company due to the completion of the exercise of the Company's 2020 stock option incentive plan, the shareholding ratio of Tianjin Kunpeng Management Consulting Partnership (Limited Partnership), Earning Vast Limited and Ascent Cheer Limited was passively diluted; On April 15, 2025, Tianjin Kunpeng Management Consulting Partnership (Limited Partnership), Earning Vast Limited and Ascent Cheer Limited reduced their holdings by 714,700 shares, 667,500 shares and 117,800 shares respectively through inquiry transfer, accounting for 0.17%, 0.16% and 0.03% of the company's total share capital.

After the completion of the inquiry transfer, Tianjin Kunpeng Management Consulting Partnership (Limited Partnership), Earning Vast Limited and Ascent Cheer Limited hold a total of 20,796,935 shares of the company, holding a proportion of the company's shares

For example, the proportion of the company's total share capital has decreased from 5.40% to 4.99%, and the proportion of equity held in the company has been reduced to less than 5%.

1. Basic information

2. The specific situation of this change in rights and interests

Note 1: The change method "other" refers to the increase in the company's total share capital due to the completion of the exercise of the company's 2020 stock option incentive plan, and the passive dilution of the transferor's shareholding ratio. Note 2: The above reduction ratio is rounded off, so there may be mantissa differences.

3. Before and after the change in equity, the changes in the shares of investors and their persons acting in concert with the interests of the listed company

Name of shareholder

Note: The "number (shares)" of "holdings before this transfer" refers to the number of shares held by the transferor when the company is listed. The "proportion of total share capital" of "holdings before the transfer" is calculated based on the total share capital of 413,110,000 shares after the completion of the company's listing and issuance; The "proportion of total share capital" in "holdings after the transfer" is calculated on the basis of the company's total share capital of 416,516,155 shares as of the announcement date of this report.

3. The transferee

(1) Transfer

Note: If there is a penny difference in the "proportion of total share capital" in the above table, it is due to rounding.

(2) The inquiry process

The transferor and the organization brokerage shall negotiate and determine the lower price limit of this inquiry transfer after comprehensive consideration of its own capital needs and other factors, and the lower price limit of this inquiry transfer shall not be less than 70% of the average stock trading price of the 20 trading days before the date of sending the subscription invitation (that is, April 6, 2025, including that day) (the average stock trading price of the 20 trading days before the date of sending the subscription invitation = the total stock trading volume of the 20 trading days before the date of sending the subscription invitation/ The total number of shares traded in the 20 trading days prior to the date of sending the subscription invitation). A total of 398 institutional investors have been served with the "Invitation to Subscribe" and "Invitation to Additional Subscribe" for this inquiry transfer, including: 77 fund companies, 53 securities companies, 16 insurance institutions, 46 qualified foreign institutional investors, 202 private equity funds, 2 trust companies and 2 futures companies.

Within the valid declaration time specified in the "Subscription Invitation", that is, from 7:15 to 9:15 on April 7, 2025, the organization brokerage company received a total of 8 copies of the "Subscription Quotation Form", all of which are valid quotations. After consultation between the transferor and the organization broker, it was unanimously decided to start the additional subscription procedure, and the additional subscription will end at 12:00 on April 10, 2025. During the additional subscription period, the organization brokerage received a total of 19 copies of the "Additional Subscription Quotation Form", all of which were valid quotations, and the investors participating in the subscription have sent the relevant subscription documents in a timely manner. Investors participating in the subscription will send relevant subscription documents in a timely manner.

(3) The results of this inquiry

A total of 27 valid quotations were received by the brokerage firms. According to the placing principle agreed in the "Subscription Invitation" and the "Additional Subscription Invitation", 14 investors were finally allotted, and the final confirmation of the inquiry transfer price was 65.00 yuan per share, and the number of shares transferred was 7,710,256 shares.

(4) Whether the transfer leads to a change of control of the company

□ Applicable √ Not applicable

(5) The transferee has not subscribed

□ Applicable √ Not applicable

4. Changes in the transferee's shareholding interests

□ Applicable √ Not applicable

5. Verification process and opinions of intermediary agencies

CITIC Securities Co., Ltd. has carefully verified the transferor, transferee, subscription qualification of the inquiry object, and the scope of sending the subscription invitation of the inquiry transfer and believes that:

The inquiry transfer process follows the principles of fairness and impartiality, and meets the current regulatory requirements of the securities market. The share transfer price was finalized through inquiry. The entire inquiry transfer process complies with the relevant provisions of laws and regulations, departmental rules and normative documents such as the Company Law of the People's Republic of China, the Securities Law of the People's Republic of China, the Implementation Opinions on the Establishment of the Science and Technology Innovation Board and the Pilot Registration System on the Shanghai Stock Exchange, the Measures for the Continuous Supervision of Listed Companies on the Science and Technology Innovation Board (Trial), the Rules for the Listing of Stocks on the Science and Technology Innovation Board of the Shanghai Stock Exchange, and the Self-Regulatory Guidelines for Listed Companies on the Science and Technology Innovation Board of the Shanghai Stock Exchange No. 4 - Inquiry Transfer and Placement.

6. Attachment to the online announcement

"CITIC Securities Co., Ltd. Verification Report on the Shareholders of Shenzhen MGI Technology Co., Ltd. Inquiry and Transfer of Shares to Specific Institutional Investors".

The announcement is hereby made.

Board of Directors of MGI Technology Co., Ltd

April 16, 2025

Attachment: The original text of the announcement