Zhenwei Group Co., Ltd. announced that its non-wholly-owned subsidiaries Shenzhen Zaiwei Digital Technology Co., Ltd. and Shenzhen Xiaopai Technology Co., Ltd. signed a new framework agreement on January 30, 2024. The Agreement extends the previous cooperation arrangements between the two parties from 30 January 2024 to 31 December 2024. Under the agreement, Digital Technology will provide electronic products including camera modules and set-top boxes to small step. Siobai is under the control of the spouse of the Executive Director, Mr. Szczecin, and is therefore considered to be a contact. The annual cap for this transaction is RMB 1.97 and the transaction price will be determined based on the cost addition law. The Board considers that the Framework Agreement and its terms of trade are fair and reasonable and in the best interests of the Company and its shareholders.

Zhenwei Group Co., Ltd. announced that its non-wholly-owned subsidiaries Shenzhen Zaiwei Digital Technology Co., Ltd. and Shenzhen Xiaopai Technology Co., Ltd. signed a new framework agreement on January 30, 2024. The Agreement extends the previous cooperation arrangements between the two parties from 30 January 2024 to 31 December 2024. Under the agreement, Digital Technology will provide electronic products including camera modules and set-top boxes to small step. Siobai is under the control of the spouse of the Executive Director, Mr. Szczecin, and is therefore considered to be a contact. The annual cap for this transaction is RMB 1.97 and the transaction price will be determined based on the cost addition law. The Board considers that the Framework Agreement and its terms of trade are fair and reasonable and in the best interests of the Company and its shareholders.