CITIC Innovation Announces Shareholder Approval to Lift Non-Compete Restrictions on Directors and Their Representatives at 115th Annual General Meeting

1. Date of shareholder meeting resolution: 115/06/25 2. Names and titles of directors permitted to engage in competitive activities: (1) Lin Shengze, Representative of Yuan Yuan Holdings Co., Ltd. (2) Li Guangbin, Representative of CASCADE CAPITAL MANAGEMENT L.P., British Virgin Islands 3. Scope of permitted competitive activities: The company's directors are permitted to conduct activities within the company's business scope for themselves or others, provided such activities do not harm the company's interests, and in accordance with Article 209 of the Company Act to lift non-compete restrictions. 4. Duration of permitted competitive activities: During the period of serving as a director of the company 5. Resolution outcome (voting results as required by Article 209 of the Company Act): Approved by shareholders representing more than two-thirds of the issued shares, with over half of the voting rights of attending shareholders in favor. 6. Names and titles of directors engaging in competitive activities related to businesses in Mainland China (enter 'Not Applicable' if not applicable): Not Applicable 7. Company name and position held in such Mainland China business: Not Applicable 8. Address of such Mainland China business: Not Applicable 9. Business activities of such Mainland China business: Not Applicable 10. Impact on the company's financial and business operations: Not Applicable 11. If directors have invested in such Mainland China business, the investment amount and shareholding ratio: Not Applicable 12. Other matters to be disclosed: None