Securities code: 688475 Securities abbreviation: EZVIZ Network Announcement No.: 2025-015

Hangzhou EZVIZ Network Co., Ltd

Regarding the increase in the shareholding of the wholly-owned subsidiary of the actual controller

Announcement of the results of the company's shares

The board of directors, all directors and relevant shareholders 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:

Hangzhou EZVIZ Network Co., Ltd. (hereinafter referred to as the "Company" or "EZVIZ Network") is actually controlled

China Electronics Technology Group Co., Ltd. (hereinafter referred to as "CETC") is a wholly-owned subsidiary of CETC

Capital Holdings Co., Ltd. (hereinafter referred to as "CETC Investment"), based on confidence in the company's future development prospects

and recognition of the company's value, and plans to pass the Shanghai Stock Exchange within 6 months from October 19, 2024

The securities exchange trading system increases the company's shares in a manner permitted by the exchange, such as centralized bidding and block trading

shares, the total amount of additional holdings shall not be less than RMB 200 million (inclusive) and not more than RMB 400 million (inclusive).

For details, please refer to the Company's website on the Shanghai Stock Exchange on 19 October 2024

(www.sse.com.cn) Disclosure of the "EZVIZ Network's Shareholding Increase in the Company by a Wholly-owned Subsidiary of the Actual Controller."

Announcement of the Share Scheme.

Results of the implementation of the shareholding increase plan: As of the close of trading on April 15, 2025, CETC Investment has been traded through the Shanghai Stock Exchange

The trading system of E-Exchange increased its holdings of 5,455,838 shares of the company through centralized bidding, accounting for the company's total shares

0.6928% of the principal, and the cumulative increase in holdings is 200,028,724.50 yuan (excluding transaction costs), which has exceeded the principal

The lower limit of the proposed increase in holdings has been completed.

1. The basic situation of the main body of this increase

1. The main body of the planned increase in holdings: CETC Investment Holding Co., Ltd. is a wholly-owned subsidiary of CETC, the actual controller of the company.

2. The number and proportion of shares held before the increase: Before the increase, the actual controller of the company, Hangzhou Hikvision Digital Technology Co., Ltd. (hereinafter referred to as "Hikvision"), indirectly holds the company's shares, and Hikvision holds 378,000,000 shares of the company, accounting for 48% of the company's total share capital.

3. In the 12 months prior to the disclosure of the shareholding increase plan, the above-mentioned shareholding increase entity has not disclosed the shareholding increase plan.

Second, the main content of the shareholding plan

1. The purpose of this increase in holdings: confidence in the company's future development and recognition of long-term investment value.

2. The amount and price of the shareholding increase plan: not less than RMB 200 million (inclusive), not more than RMB 400 million (inclusive), the increase does not set a fixed price range, and the investment will be based on a reasonable judgment of the company's stock value, and choose the opportunity to implement the shareholding increase plan.

3. The implementation period of the shareholding increase plan: within 6 months from the date of disclosure of the shareholding increase plan. In the process of implementing the shareholding increase plan, it will comply with the relevant regulations of the China Securities Regulatory Commission and the Shanghai Stock Exchange on stock trading.

4. The methods of the shareholding increase plan: including but not limited to centralized bidding, block trading and other methods permitted by the Shanghai Stock Exchange trading system

5. The source of funds for this increase in shares: own funds or self-raised funds

6. The increase is not based on the specific identity of the subject of the increase, and the plan will continue to be implemented when the relevant identity is lost.

7. Relevant commitments: The shareholding increase entity promises that the shareholding increase plan will be implemented in strict accordance with the relevant laws and regulations, departmental rules and normative documents of the China Securities Regulatory Commission and the Shanghai Stock Exchange. The shareholding increase entity and its persons acting in concert shall not reduce their holdings of the company's shares during the implementation of the shareholding increase plan and within the statutory period.

3. The results of the implementation of the shareholding increase plan

As of the close of trading on April 15, 2025, Dianke Investment has increased its holdings of 5,455,838 shares of the company through centralized bidding through the Shanghai Stock Exchange trading system, accounting for 0.6928% of the company's total share capital, and the cumulative increase amount is 200,028,724.50 yuan (excluding transaction costs), which has exceeded the lower limit of the proposed increase in the range of the shareholding increase plan, and the implementation of the shareholding increase plan has been completed.

After this increase, CETC Investment directly holds 5,455,838 shares of the company, accounting for 0.6928% of the company's total share capital. Hikvision and Dianke Investment, which are controlled by CETC, hold a total of 383,455,838 shares of the company, accounting for 48.6928% of the company's total share capital.

IV. Lawyers' Special Verification Opinions

Grandall Law Firm (Hangzhou) believes that the shareholder has the qualifications to implement the increase; The increase in shares by the shareholder complies with the provisions of relevant laws, regulations and normative documents such as the Securities Law and the Measures for the Administration of Takeovers, and is exempted from the issuance of an offer in accordance with the provisions of the Measures for the Administration of Takeovers; As of the date of the issuance of this legal opinion, EZVIZ Network has fulfilled the information disclosure obligations required at this stage for the increase in shareholdings.

5. Other relevant instructions

1. During the implementation of the shareholding increase plan, the subject of the shareholding increase strictly complied with the relevant regulations of the China Securities Regulatory Commission and the Shanghai Stock Exchange on the changes in the rights and interests of listed companies and the sensitive period of stock trading, and did not reduce the company's shares during the implementation of the shareholding increase plan.

2. The implementation of the shareholding increase plan has not led to the company's equity distribution not meeting the listing conditions and has not led to a change in the company's control.

3. In accordance with the "Rules for the Listing of Stocks on the Science and Technology Innovation Board of the Shanghai Stock Exchange" and other relevant regulations, the company has continued to pay attention to the relevant situation of the shareholding increase plan, and has fulfilled its information disclosure obligations in a timely manner.

The announcement is hereby made.

Hangzhou EZVIZ Network Co., Ltd

Board of Directors

April 17, 2025