Securities code: 688007 Securities abbreviation: Guangfeng Technology Announcement No.: 2025-008

Shenzhen Guangfeng Technology Co., Ltd

Announcement of the resolution of the sixth meeting of the third board of directors

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. The convening of the board of directors meeting

The sixth meeting of the third board of directors of Shenzhen Guangfeng Technology Co., Ltd. (hereinafter referred to as "the company").

Notice of the meeting and related materials will be published on Tuesday, April 8, 2025

In person or by mail to all directors of the Company, the meeting will be sent to the meeting on Wednesday, April 9, 2025 by means of a communication form

The way of the decision is held. There are 7 members of the board of directors of the company, 7 people actually attended the board of directors, and the company's supervisors and senior managers attended the meeting, which was presided over by Mr. Li Yi, chairman of the board. The convening, convening and voting procedures of this meeting comply with relevant laws and regulations and the provisions of the Articles of Association of Shenzhen Guangfeng Technology Co., Ltd. (hereinafter referred to as the "Articles of Association"), and the resolutions formed by the meeting are legal and valid.

2. Deliberations of the Board of Directors Meeting

After careful discussion by all the participating directors, the meeting deliberated and formed the following resolutions:

(1) Reviewed and approved the "Plan for Repurchasing the Company's Shares by Centralized Bidding in 2025".

The Motions》

The result of the vote: 7 votes in favor, 0 votes against, 0 abstentions, 0 abstentions

Based on his firm belief in the future development prospects of China's economy and China's capital market, his firm confidence in the company's future development trend, and his high recognition of the company's value, Mr. Li Yi, the actual controller, chairman and general manager of the company, proposed to the company's board of directors to repurchase the company's shares through centralized bidding. Based on the company's operating conditions, business development prospects and future profitability, the board of directors agreed to repurchase part of the company's shares and use them for employee stock ownership plans or equity incentives at an appropriate time in the future.

The main contents of the company's share repurchase plan are as follows:

1. The purpose of the shares to be repurchased: The repurchased shares will be used for employee stock ownership plans or equity incentives at an appropriate time in the future. If the company fails to use it within three years after the announcement of the implementation result of the share repurchase and the announcement of the change in shares

Shares that have been repurchased and shares that have not been used will be cancelled. If the state adjusts the relevant policies, the repurchase plan shall be implemented according to the adjusted policies;

2. The scale of the proposed repurchase: the total amount of funds to be repurchased shall not exceed RMB 20 million (inclusive) and shall not be less than RMB 10 million (inclusive);

3. The price to be repurchased: The price of the repurchased shares does not exceed RMB 18.50 per share (inclusive), and the price does not exceed 150% of the average trading price of the company's shares in the 30 trading days before the board of directors of the company passed the repurchase resolution;

4. Repurchase period: within 6 months from the date of approval of the repurchase plan by the board of directors;

5. Source of repurchase funds: own funds.

According to the relevant provisions of the Articles of Association and the Self-Regulatory Guidelines for Listed Companies on the Science and Technology Innovation Board of the Shanghai Stock Exchange No. 1 - Standardized Operation, and the Self-Regulatory Guidelines for Listed Companies on the Shanghai Stock Exchange No. 7 - Repurchase of Shares, the repurchase does not need to be submitted to the general meeting of shareholders of the company for deliberation.

For details, please refer to the "Report on the Repurchase of Shares by Centralized Auction Transaction in 2025" (Announcement No.: 2025-009) disclosed by the Company on the website of the Shanghai Stock Exchange (www.sse.com.cn) on the same day.

3. Documents for reference

Resolution of the Sixth Meeting of the Third Board of Directors of the Company

The announcement is hereby made.

Board of Directors of Shenzhen Guangfeng Technology Co., Ltd

April 10, 2025