Stock code: 688208 Stock abbreviation: Taotong Technology Announcement No.: 2024-096

Convertible bond code: 118013 Convertible bond abbreviation: Daotong convertible bond

Shenzhen Daotong Technology Co., Ltd

Announcement on the progress of the repurchase of the company's shares by means of centralized bidding transactions

The board of directors and all directors of the company guarantee that there are no false records, misleading statements or material omissions in the content of this announcement, and assume legal responsibility for the authenticity, accuracy and completeness of its content in accordance with the law.

Important Content Notes:

The repurchase plan was first disclosed on 12/19/2023

The implementation period of the repurchase plan is December 18, 2023 ~ December 17, 2024

The estimated repurchase amount is 10,000,000 yuan ~ 20,000 yuan

□ reduce the registered capital

Buyback Purpose √ for employee stock ownership plans or equity incentives

□ is used to convert the company's convertible bonds

□ to maintain the company's value and shareholders' rights

The cumulative number of repurchased shares is 7,665,527 shares

Cumulative number of repurchased shares to total share capital 1.70%

The cumulative amount repurchased is 146,540,449 yuan

The actual repurchase price range is 16.29 yuan/share~21.50 yuan/share

1. Basic information on the repurchase of shares

On December 18, 2023, Shenzhen Daotong Technology Co., Ltd. (hereinafter referred to as the "Company") called

At the sixth meeting of the fourth session of the board of directors, the "Proposal on Repurchasing the Company's Shares by Centralized Bidding Transaction" was deliberated and approved, and it was agreed that the company would use its own funds to repurchase the company's issued RMB ordinary shares (A shares) through centralized bidding transactions, and all of them would be used for employee stock ownership plans or equity incentives at an appropriate time in the future. The total amount of funds that the company intends to use for this repurchase shall not be less than RMB 100 million (inclusive) and not more than RMB 200 million (inclusive), and the repurchase price shall not exceed RMB 41.11 per share (inclusive). The implementation period of this repurchase is from the deliberation of the board of directors

Within 12 months from the date of this share repurchase plan. Details are detailed in the company's respective December 2023 releases

On the 19th and December 2 www.sse.com.cn 2, 2023, the "Guan

Announcement on the Plan to Repurchase the Company's Shares by Centralized Auction Transaction (Announcement No. 2023-081) and the "Report on the Repurchase of the Company's Shares by Centralized Auction Transaction" (Announcement No. 2023-083).

On May 10, 2024, the company held the 11th meeting of the fourth board of directors and deliberated and approved the "Guan

Proposal on the Implementation of the 2023 Annual Equity Distribution to Adjust the Upper Limit of the Price of Repurchased Shares", due to the implementation of the 2023 Annual Equity Distribution, the upper limit of the price of the Company's repurchased shares this time will be adjusted from no more than RMB41.11 per share (inclusive).

It is not more than RMB 40.72 per share (inclusive). Details of this are detailed in the company's announcement on May 13, 2024

Announcement on the Implementation of the 2023 Annual Equity Distribution Adjustment of the Upper Limit of the Price of Repurchased Shares (Announcement No.: 2024-048) disclosed on the website of the Shanghai Stock Exchange (www.sse.com.cn).

On September 2, 2024, the company held the thirteenth meeting of the fourth board of directors and deliberated and approved the "About

Proposal on the Implementation of the 2024 Semi-annual Equity Distribution to Adjust the Upper Limit of the Price of Repurchased Shares", due to the implementation of the 2024 semi-annual equity distribution, the upper limit of the price of the Company's repurchased shares will be adjusted from no more than RMB 40.72 per share (inclusive).

The whole amount shall not exceed RMB 40.33 per share (inclusive). Details are detailed in the company's announcement on September 3, 2024

Announcement on the Implementation of the 2024 Semi-annual Equity Distribution Adjustment of the Upper Limit of the Price of Repurchased Shares (Announcement No.: 2024-072) disclosed on the website of the Shanghai Stock Exchange (www.sse.com.cn).

2. Progress of share repurchases

According to the relevant provisions of the Rules for Share Repurchase of Listed Companies and the Self-Regulatory Guidelines for Listed Companies on the Shanghai Stock Exchange No. 7 - Repurchase of Shares, the company shall announce the progress of the repurchase as of the end of the previous month within the first three trading days of each month during the repurchase of shares. The progress of the company's share repurchase is hereby announced as follows:

In November 2024, the company did not return through the Shanghai Stock Exchange trading system in a centralized auction transaction

Share purchases.

As of November 29, 2024, the Company traded through the Shanghai Stock Exchange trading system through centralized bidding

A total of 7,665,527 shares of the company were repurchased, accounting for the company's total share capital as of November 29, 2024

The proportion of 451,878,028 shares is 1.70%, the highest price of the repurchase transaction is 21.50 yuan per share, and the lowest price is 16.29 yuan per share (the repurchase transaction price is subject to the real-time transaction price and does not involve the resumption), and the total amount of funds paid is 146,540,449.03 yuan (excluding stamp duty, transaction commission and other transaction fees).

The above-mentioned share repurchase is in accordance with the provisions of laws and regulations and the company's share repurchase plan.

III. Other Matters

The company will strictly follow the "Rules for Share Repurchase of Listed Companies", "Shanghai Stock Exchange Self-Regulatory Guidelines for Listed Companies No. 7 - Share Repurchase" and other relevant regulations, and make it according to market conditions during the repurchase period

The repurchase decision will be implemented, and at the same time, the information disclosure obligation will be fulfilled in a timely manner according to the progress of the repurchase of shares, and investors should pay attention to investment risks.

The announcement is hereby made.

Board of Directors of Shenzhen Daotong Technology Co., Ltd

December 3, 2024