Pengwin Holding (Shenzhen) Announces Board Approval of Private Placement of A-Shares

1. Board resolution date: 115/07/03 2. Source of capital increase: Issuance of new shares to specific investors 3. Whether the issuance of new shares is under a general offering declaration (if yes, specify the planned issuance period; if no): Not applicable 4. Total issuance amount and number of shares (for capital increases from retained earnings or reserves, exclude shares allocated to employees): The number of shares issued shall not exceed 10% of the total shares outstanding prior to issuance (i.e., 231,753,665 shares), and the total issuance amount shall not exceed RMB 96 billion 5. Amount and number of shares issued in this round under a general offering declaration: Not applicable 6. Remaining amount and number of shares available after this issuance under a general offering declaration: Not applicable 7. Par value per share: RMB 1 8. Issuance price: Not less than 80% of the average trading price of the company's shares over the 20 trading days prior to the pricing benchmark date 9. Number of shares or amount allocated for employee subscription: Not applicable 10. Number of shares offered publicly: Not applicable 11. Subscription ratio or free allocation ratio for existing shareholders: Not applicable 12. Handling of fractional shares and unclaimed shares after subscription deadline: Not applicable 13. Rights and obligations of the newly issued shares: Same as those of the originally issued shares 14. Use of proceeds from capital increase: Qinding AI server and high-speed optical module high-density interconnect laminated board project 15. Rationality and necessity of fundraising after cash reduction (applicable if cash reduction was conducted in the fundraising year or the previous year): Not applicable 16. Other matters to be disclosed: Shares shall not be listed or traded within six months from the end of the issuance