Announcement of Iwave Technology: On June 28th, 2024, the company received a letter from Mr. Ding Jianwen, the actual controller, chairman and general manager of the company, proposing that Iwave Technology Co., Ltd. repurchase its A-share stocks. The main proposal is as follows: The type of repurchased stocks is RMB ordinary shares (A shares) issued by the company. The purpose of the repurchased stocks is to be used for the implementation of employee shareholding plan and/or stock-based incentive plan at a suitable future time. The repurchase of stocks will be conducted through centralized bidding trading. The total amount of funds for repurchasing stocks is not less than RMB 10 million (inclusive) and not more than RMB 20 million (inclusive). The repurchased stock price shall not exceed 150% of the average trading price of the company's stock in the 30 trading days before the board of directors approved the repurchase plan resolution. The specific repurchase plan approved by the board of directors shall prevail. The source of funds for repurchasing comes from the company's own funds, and the repurchase period is within six months from the date of the board of directors' approval of this repurchase stock plan.