Stock code: 688256 Stock abbreviation: Cambrian Announcement No.: 2025-003

Cambrian Technology Co., Ltd

Announcement on the progress of the repurchase period of more than half of the period

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.

Cambrian Technology Co., Ltd. (hereinafter referred to as the "Company") was held on July 26, 2024

At the 20th meeting of the second 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 shares through centralized bidding. The repurchased shares will be fully used for employee stock ownership plans or equity incentives, with a repurchase price of no more than RMB 297.77 per share (inclusive), and the total amount of repurchase funds shall not be less than RMB 20 million (inclusive) and not more than RMB 40 million (inclusive), and the repurchase period shall be within 12 months from the date of approval of the repurchase plan by the board of directors. For details, please refer to the company

On July 2 www.sse.com.cn 7, 2024, the "About Yiji

Announcement on the Repurchase of the Company's Shares by Medium Auction Transaction (Announcement No.: 2024-028) and the "Repurchase Report on the Repurchase of the Company's Shares by Centralized Bidding Transaction" (Announcement No. 2024-029).

As of the disclosure date of this announcement, more than half of the repurchase period stipulated in the company's share repurchase plan has passed, and the company has not yet implemented the repurchase. In accordance with the relevant provisions of the Self-Regulatory Guidelines for Listed Companies on the Shanghai Stock Exchange No. 7 - Repurchase of Shares, the reasons for the repurchase and the subsequent repurchase arrangements are explained as follows:

1. The reason why the repurchase has not been implemented at the halfway point of the term

Combined with the company's operating conditions, taking into account the company's repurchase plan and related work arrangements and other factors, the company has not implemented the repurchase for the time being.

2. Follow-up repurchase arrangement

The company will follow the relevant provisions such as the "Rules for Share Repurchase of Listed Companies", "Self-Regulatory Guidelines for Listed Companies on the Shanghai Stock Exchange No. 7 - Repurchase of Shares" and the company's repurchase plan, make repurchase decisions and implement them according to market conditions during the repurchase period, and at the same time fulfill the information disclosure obligations in a timely manner according to the progress of the repurchase of shares, please pay attention to the investment risks.

The announcement is hereby made.

Board of Directors of Cambrian Technology Co., Ltd

January 25, 2025