Stock code: 688388 Stock abbreviation: Jiayuan Technology Announcement No.: 2025-002

Convertible bond code: 118000 Convertible bond abbreviation: Jiayuan convertible bond

Guangdong Jiayuan Technology Co., Ltd

Announcement on the progress of participating in the establishment of industrial funds and related party 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.

1. Overview of industrial funds and related party transactions

Guangdong Jiayuan Technology Co., Ltd. (hereinafter referred to as the "Company") was held on May 14, 2024

The 22nd meeting of the 5th board of directors and the 16th meeting of the 5th board of supervisors of the company deliberated and passed the "Proposal on Participating in the Establishment of Industrial Investment Funds and Related Party Transactions", and agreed that the company will participate in the establishment of industrial investment funds with its own funds, and jointly invest in the establishment of Huai'an Jingkai Jiayuan Industrial Investment Fund Partnership (Limited Partnership) (hereinafter referred to as "Huai'an Jingkai" or "Huai'an Jiali") with Mr. Liao Pingyuan, Mr. Shao Jianxin and Huai'an Jingkai Jiali Equity Investment Partnership (Limited Partnership) (hereinafter referred to as "Huai'an Jiali") (hereinafter referred to as "Huai'an Jiali") partnership" or "industrial fund"), and authorized the company's designated personnel to be responsible for the specific matters involved in this investment, including but not limited to negotiation and signing of relevant agreements, approval, filing and other related work, and the affiliated directors Mr. Liao Pingyuan and Mr. Li Jianguo have recused themselves

The vote is detailed on the company's website on the Shanghai Stock Exchange on May 15, 2024

(www.sse.com.cn) Announcement of Guangdong Jiayuan Technology Co., Ltd. on Participating in the Establishment of Industrial Investment Funds and Related Party Transactions (Announcement No.: 2024-040) disclosed by Guangdong Jiayuan Technology Co., Ltd. The matter has been incorporated in 2024

The second extraordinary general meeting of shareholders in 2024 held on May 30 was deliberated and approved, and the related shareholder Shandong Jiayuan Industrial

The Investment Company Limited has recused itself from voting on the relevant proposals.

Second, the progress

Recently, the company received a notice from Huai'an Jiali on the progress of the fund, the details are as follows:

(1) The signing of the agreement

On June 3, 2024, the company signed a contract with Mr. Liao Pingyuan, Mr. Shao Jianxin and Huai'an Jiali

Huai'an Economic Kaijiayuan Industrial Investment Fund Partnership (Limited Partnership) Partnership Agreement, the main terms of the agreement

For details, please refer to the company's disclosure on the website of the Shanghai Stock Exchange (www.sse.com.cn) on May 15, 2024

Announcement of Guangdong Jiayuan Technology Co., Ltd. on Participating in the Establishment of Industrial Investment Funds and Related Party Transactions (Announcement No.: 2024-040).

(2) Industrial and commercial registration information

On June 5, 2024, Huai'an Economic Development Co., Ltd. obtained the approval from the Administrative Examination and Approval Bureau of Huai'an Economic and Technological Development Zone

The relevant information of the "Business License" registration is as follows:

Name: Huai'an Jingkai Jiayuan Industrial Investment Fund Partnership (Limited Partnership)

Nature: Limited Partnership

Unified social credit code: 91320891MADLJB2KXX

Executive Partner: Huai'an Jingkai Jiali Equity Investment Partnership (Limited Partnership)

Capital contribution: RMB 148 million

Date of Establishment: 2024-06-05

Registered address: Room 701, Building 2, No. 5, Fuyu Road, Xuyang Street, Economic and Technological Development Zone, Huai'an City, Jiangsu Province

Business Scope: General Projects: Venture Capital (Limited to Investment in Unlisted Enterprises) (Except for projects subject to approval in accordance with the law, independently carry out business activities with a business license in accordance with the law)

(3) The filing of the fund

On July 18, 2024, Huai'an Economic Development Co., Ltd. issued a report in accordance with the Securities Investment Fund Law of the People's Republic of China and the Private Investment Fund Law

In accordance with the requirements of laws and regulations such as the Interim Measures for the Supervision and Administration of Raised Investment Funds, the Asset Management Association of China has completed the filing procedures for private investment funds and obtained the "Filing Certificate for Private Investment Funds", with the relevant information as follows:

Fund Name: Huai'an Jingkai Jiayuan Industrial Investment Fund Partnership (Limited Partnership)

Name of Manager: Shenzhen Qianhai Chunyang Asset Management Co., Ltd

Name of custodian: Industrial Bank Co., Ltd

Record date: July 18, 2024

ICP filing code: SAML74

(4) The initial capital contribution

The industrial fund has completed the first phase of fund raising, and the actual capital contribution of each partner in the first phase is as follows:

Unit: RMB 10,000 yuan

Capital contribution Subscribed Capital contribution Paid-in

Serial No. Partner Name Partner Type

Method: Amount of Money, Proportion of Amount

Huai'an Jingkai Jiali Equity Investment Partnership

1 GP Currency 300 2.0270% 300

Enterprise (Limited Partnership)

2 Guangdong Jiayuan Technology Co., Ltd. Limited Partner Currency 9,000 60.8108% 900

3 Liao Pingyuan Limited Partner Currency 4,500 30.4054% 450

4 Shao Jianxin Limited Partner Currency 1,000 6.7568% 300

Total 14,800 100% 1,950

As of the date of this announcement, the actual scale of funds raised by the industrial fund is 19.50 million yuan, and the remaining unpaid registered capital will be paid according to the investment situation.

(5) Others

The company's participation in the establishment of industrial funds aims at the industrial layout of new energy, advanced manufacturing industry and other fields, forming a connection with the company's existing business, providing high-quality project reserves for the company's sustainable development at the strategic level, enhancing the company's core competitiveness and future value, and creating a reasonable return on investment for the company and shareholders. Since the establishment of the industrial fund, the fund manager has actively investigated and reserved projects and looked for other high-quality projects in the fields of new energy and advanced manufacturing industries, but due to the influence of factors such as the macro situation and changes in the market environment, based on the current development status of the industry and the prudent decision-making of the company's basic situation, the industrial fund has not carried out relevant investment for the time being.

3. Future investment plans

In the future, the industrial fund will mainly invest in the field of new energy and advanced manufacturing industries, including but not limited to unlisted enterprises in the fields of composite current collector equipment, new materials, energy storage, photovoltaic, hydrogen energy, advanced manufacturing technology, solid waste and hazardous waste disposal, carbon control and carbon reduction, and other related strategic emerging industries.

Since the establishment of the fund, the fund manager has actively searched for relevant targets, and so far has not found a suitable target. In the future, fund managers will continue to look for relevant targets and carry out projects in a professional, rigorous and responsible manner

To help the company find enterprises with good development potential in the industry for investment to consolidate its position in the industry.

4. Risk Warning

The company's foreign investment is a prudent decision made based on the company's strategic development needs and overall business planning, but there are still certain policy risks and implementation risks. The investment fund has the characteristics of long investment cycle and low liquidity, and the company has no commitment to guaranteed capital and minimum return on this investment. In the investment process, the fund will be affected by various factors such as policies and regulations, macro economy, industry cycle, operation and management of investment targets, etc., and there may be risks that it will not be able to achieve the expected returns and fail to exit in a timely and effective manner.

The Company's exposure as a limited partner is limited to the amount invested and will not have a material impact on the Company's financial and going concern. In view of the main investment risks, the company will follow up the follow-up progress of this investment in a timely manner, keep abreast of the operation of the fund manager, pay attention to the implementation process of the investment project, urge the fund manager to prevent investment risks in all aspects, try its best to maintain the safety of the company's investment funds, and timely fulfill the obligation of information disclosure in accordance with the requirements of relevant laws and regulations. Investors are advised to invest rationally and pay attention to investment risks.

The announcement is hereby made.

Board of Directors of Guangdong Jiayuan Technology Co., Ltd

January 1, 2025