Securities code: 688008 Securities abbreviation: Lanqi Technology Announcement No.: 2024-039

Lanqi Technology Co., Ltd.

Shareholder Inquiry Transfer Plan

China Electronics Investment Holdings Co., Ltd., Jiaxing Core Power Investment Partnership (Limited Partnership), and IntelCapitalCorporation (hereinafter collectively referred to as the "transferor") guarantee to provide Lanqi Technology Co., Ltd. (hereinafter referred to as "Lanqi Technology" or the "Company") The content of the information does not contain any false records, misleading statements or major omissions, and shall bear legal responsibility for its authenticity, accuracy and completeness in accordance with the law.

The company's board of directors and all directors to ensure that the announcement is consistent with the information provided by the transferor.

Important Content Tips:

To participate in the pre-IPO shareholder inquiry transfer (hereinafter referred to as "the inquiry transfer") shares of Lanqi Technology.

Dongwei China Electronics Investment Holdings Limited (hereinafter referred to as "CLP Investment Control"), Jiaxing Core Power

Investment Partnership (Limited Partnership) (hereinafter referred to as "Jiaxing Core Power"), Intel Capital

Corporation (the "Intel Capital");

The total number of shares to be transferred by the transferor is 25,112,111 shares, accounting for the proportion of the total share capital of Lanqi Technology.

2.20 per cent;

This inquiry transfer is a non-public transfer and will not be made through a centralized bidding transaction. Transferee

The shares transferred through inquiry shall not be transferred within 6 months after the transfer;

The transferee of this inquiry transfer is an institutional investor with the corresponding pricing power and risk tolerance.

Funders.

1. of the shareholders who intend to participate in the transfer.

Name, number of shares held and percentage of shares held by the (I) transferor

The transferor entrusts CITIC Securities Co., Ltd. (hereinafter referred to as "CITIC Securities") to organize the implementation of this

Assignment by inquiry. Number of pre-IPO shares held by the transferor as of March 31, 2024, as a percentage of total share capital

The situation is as follows:

No. Name of shareholder Number of shares held (shares) Percentage of total share capital held

1 CLP Investment Control 82,418,671 7.22

No. Name of shareholder Number of shares held (shares) Percentage of total share capital held

2 Jiaxing Core Power 12,648,300 1.11

3 Intel Capital 65,782,374 5.76%

(II) on whether the transferor is the controlling shareholder, actual controller, shareholders holding more than 5% of the shares, directors, supervisors and senior managers of the company

The transferers of this inquiry transfer, such as China Power Investment Control, Jiaxing core power and Intel Capital, are not the controlling shareholders, actual controllers, directors, supervisors and senior managers of the company.

CLC Investment Control and its concerted action person Jiaxing Core Electric holds more than 5% of the company's shares.

Intel Capital holds more than 5% of the company's shares.

Statement by the transferor of the (III) that the ownership of the shares to be transferred is clear, that there are no restrictions or prohibitions on transfer, and that the relevant rules and commitments made by the transferor are not violated.

The transferor declares that the transferor's proposed transfer of shares has been lifted and the ownership is clear.

The transferor does not exist in the "Interim Measures for the Administration of Shareholding Reduction by Shareholders of Listed Companies" and "Shanghai Stock Exchange Self-Regulatory Guidelines No. 15-Shareholding Reduction by Shareholders, Directors, Supervisors and Senior Management. The transferor does not have the circumstances stipulated in Articles 7 and 8 of the "Shanghai Stock Exchange's Self-Regulatory Guidelines for Listed Companies No. 15-Shareholding Reduction by Shareholders, Directors, Supervisors and Senior Management.

The transferor has not violated the provisions on the reduction of shares or the commitments it has made.

(IV) the transferor's commitment to have the full amount of pre-IPO shares available for transfer and to strictly perform the relevant obligations The transferor undertakes to have the full amount of pre-IPO shares available for transfer and to strictly perform the relevant obligations.

2. the main contents of this inquiry transfer plan

(I) the basic information of this inquiry transfer

The number of shares transferred in this inquiry is 25,112,111 shares, accounting for 2.20 per cent of the total share capital.

The reason is their own financial needs.

No. Name of shareholder to be transferred Shares to be transferred Total shares to be transferred Reason for transfer of shares held

Number (shares) Proportion Proportion

1 CLD Investment Control 12,197,500 1.07 14.80% of its own capital requirements.

2 Jiaxing Core Power 1,500,000 0.13 11.86% of its own capital requirements

3 Intel Capital 11,414,611 1.00% 17.35% of its own capital requirements

(II) the basis for determining the lower limit of the transfer price and the principle and manner of determining the transfer price.

The shareholders and the organizing brokerage firm shall, taking into account the shareholders' own capital needs and other factors, negotiate to determine the lower price limit for this inquiry transfer, and the lower price limit for this inquiry transfer shall not be lower than the date of sending the subscription invitation (I. e. 2024

June 7, 2012, including the same day) 70% of the average stock trading price for the first 20 trading days.

After the end of the quotation for this inquiry subscription, CITIC Securities will make cumulative statistics on the valid subscriptions and determine the transfer price in accordance with the principles of price first, quantity first and time first.

The specific way is:

1. If the number of effectively subscribed shares transferred in this inquiry exceeds the maximum number of shares transferred in this inquiry, the principles for determining the transfer price of the inquiry, the object of subscription and the number of shares allocated are as follows (in order of priority according to the order of priority):

(1) Subscription price priority: according to the declared price from high to low ranking cumulative;

(2) Priority in the number of subscriptions: if the declared price is the same, it will be accumulated in descending order of the number of subscriptions;

(3) Time priority for receipt of the Subscription Quotation Form: If the declared price and the number of subscriptions are the same, they will be accumulated according to the delivery time of the Subscription Quotation Form from first to last, and valid subscriptions with earlier time will be placed first.

When the total number of all valid subscriptions is equal to or exceeds 25,112,111 shares for the first time, the minimum subscription price for the cumulative valid subscriptions is the transfer price for this inquiry.

2. If the total number of shares effectively subscribed by the inquiry object is less than 25,112,111 shares, the lowest quotation in all valid subscriptions will be determined as the transfer price of this inquiry.

The securities company entrusted by the (III) to organize the implementation of this inquiry transfer is CITIC Securities.

Contact Department: CITIC Securities Equity Capital Markets Department.

Project-specific mailbox: project_lqkj2024@citics.com

Contact and consultation telephone: 021-2026 2075

(IV) conditions for investors to participate in the transfer

The transferee of this inquiry transfer is an institutional investor with the appropriate pricing power and risk tolerance, including:

1. Institutional investors who meet the requirements of the Shanghai Stock Exchange's Rules for the Implementation of the Initial Public Offering and Underwriting Business of Securities on the Science and Technology Innovation Board or the requirements of the Shanghai Stock Exchange.

Other institutional investors (including the products under their management), I .e. professional institutional investors such as securities companies, fund management companies, trust companies, finance companies, insurance companies, qualified foreign institutional investors and private equity fund managers;

2. In addition to the professional institutional investors specified in the preceding paragraph, other private equity fund managers who have completed registration with the China Securities Investment Fund Industry Association (and the products managed by them to participate in this inquiry and transfer have been registered with the China Securities Investment Fund Industry The association completes the filing).

3. related risk tips

The implementation of the (I) transfer plan is subject to the risk that the shares will be judicially frozen and withheld due to sudden circumstances after the disclosure of the "Verification Opinions of CITIC Securities Company Limited on the Qualifications Related to the Transfer of Shares by Shareholders of Lanqi Technology Company Limited to Specific Institutional Investors", which may affect the implementation of the inquiry transfer.

(II) there is a risk that the transfer plan for this inquiry may be suspended due to significant changes in the market environment.

4. Accessories

Please refer to the annex to this announcement "Verification Opinions of CITIC Securities Co., Ltd. on the Qualifications of Shareholders of Lanqi Technology Co., Ltd. to Specific Institutional Investors for Inquiry and Transfer of Shares".

It is hereby announced.

Lanqi Technology Co., Ltd.

Board of Directors

8 June 2024