Wave Digital Enterprise Technology Co., Ltd. (“Wave Digital”) issued a notice on May 13, 2024, supplementing its previous information on the Travel Services Framework Agreement of March 28. The supplemental announcement mentions that when setting the cap for the trading year, the company referred to the previous fiscal year's travel expenditure data and the current usage of travel services. It is expected that staff travel demand will increase by about 20% in 2024, with a ceiling of RMB 30 million for the corresponding year. Wave Digital selects travel service providers through a tender, offers the lowest of the three tenders, and offers a cost-plus pricing model and a 60-day credit period. The Board considers that the terms of this transaction are fair and reasonable and without prejudice to any other information previously disclosed.

Wave Digital Enterprise Technology Co., Ltd. (“Wave Digital”) issued a notice on May 13, 2024, supplementing its previous information on the Travel Services Framework Agreement of March 28. The supplemental announcement mentions that when setting the cap for the trading year, the company referred to the previous fiscal year's travel expenditure data and the current usage of travel services. It is expected that staff travel demand will increase by about 20% in 2024, with a ceiling of RMB 30 million for the corresponding year. Wave Digital selects travel service providers through a tender, offers the lowest of the three tenders, and offers a cost-plus pricing model and a 60-day credit period. The Board considers that the terms of this transaction are fair and reasonable and without prejudice to any other information previously disclosed.