YIZAN CHINA LIMITED (“CHINA YAZAN”) ANNOUNCED ON 29 DECEMBER 2023 THAT THE COMPANY HAS COMPLETED THE ACQUISITION OF APPROXIMATELY 48.10% OF THE SHAREHOLDING IN YIZAN TECHNOLOGY UNDER THE PREVIOUSLY ANNOUNCED PURCHASE AND SALE AGREEMENT. The transaction involves the issuance of 14,549,999,989 shares at a cost of 6,666,666 shares at a total cost of HK$2,618,999,998.02. Upon completion of the acquisition, the shareholding ratio of the seller and its unitholders increased from 14.78% to 52.39%, and the shareholding ratio of the public shareholders decreased from 81.66% to 45.62%. The acquisition had a significant impact on the company's equity structure, with vendors including Whitecrow Investment, V5.Cui Investment, and other investment entities. The members of the Board shall consist of four executive directors and three independent non-executive directors and shall be responsible for the accuracy of the contents of the announcement.

YIZAN CHINA LIMITED (“CHINA YAZAN”) ANNOUNCED ON 29 DECEMBER 2023 THAT THE COMPANY HAS COMPLETED THE ACQUISITION OF APPROXIMATELY 48.10% OF THE SHAREHOLDING IN YIZAN TECHNOLOGY UNDER THE PREVIOUSLY ANNOUNCED PURCHASE AND SALE AGREEMENT. The transaction involves the issuance of 14,549,999,989 shares at a cost of 6,666,666 shares at a total cost of HK$2,618,999,998.02. Upon completion of the acquisition, the shareholding ratio of the seller and its unitholders increased from 14.78% to 52.39%, and the shareholding ratio of the public shareholders decreased from 81.66% to 45.62%. The acquisition had a significant impact on the company's equity structure, with vendors including Whitecrow Investment, V5.Cui Investment, and other investment entities. The members of the Board shall consist of four executive directors and three independent non-executive directors and shall be responsible for the accuracy of the contents of the announcement.