MicroAlgo Inc., a technology company based in Shenzhen, China, has entered into a Securities Purchase Agreement with WiMi Hologram Cloud Inc., its parent company, also based in the Cayman Islands. The agreement, dated January 4, 2024, involves the sale of 8,000,000 shares of MicroAlgo at a per-share price of $0.50, amounting to a total investment of $4 million. This transaction is pursuant to an effective registration statement under the Securities Act of 1933, as amended, and is incorporated by reference into MicroAlgo's registration statement on Form F-3. The closing of the purchase and sale of the securities is subject to customary closing conditions and is expected to occur by the second trading day following the agreement date. The agreement was signed by Min Shu, CEO of MicroAlgo, and Shuo Shi, CEO of WiMi Hologram Cloud Inc. The transaction is intended to be completed on or before the 30th trading day following the agreement date, with each party bearing their own expenses related to the agreement.

MicroAlgo Inc., a technology company based in Shenzhen, China, has entered into a Securities Purchase Agreement with WiMi Hologram Cloud Inc., its parent company, also based in the Cayman Islands. The agreement, dated January 4, 2024, involves the sale of 8,000,000 shares of MicroAlgo at a per-share price of $0.50, amounting to a total investment of $4 million. This transaction is pursuant to an effective registration statement under the Securities Act of 1933, as amended, and is incorporated by reference into MicroAlgo's registration statement on Form F-3. The closing of the purchase and sale of the securities is subject to customary closing conditions and is expected to occur by the second trading day following the agreement date. The agreement was signed by Min Shu, CEO of MicroAlgo, and Shuo Shi, CEO of WiMi Hologram Cloud Inc. The transaction is intended to be completed on or before the 30th trading day following the agreement date, with each party bearing their own expenses related to the agreement.