Wanan Technology announced that the controlling shareholder Wanan Group plans to issue non-public exchangeable corporate bonds using some of the company's A-shares as the target, and has obtained the “Letter of No Objection Concerning Wanan Group Co., Ltd.'s non-public offering of exchangeable corporate bonds to meet the requirements for listing on the Shenzhen Stock Exchange” issued by the Shenzhen Stock Exchange. In order to guarantee that the holders of this exchangeable bond exchange or the principal and interest of this exchangeable bond are paid in full as agreed, Wanan Group used some of the Company's A-shares held as guarantee and applied for pledge registration with the Shenzhen Branch of China Securities Registration and Settlement Co., Ltd. Wanan Group has obtained a “Securities Pledge Registration Certificate” issued by the Shenzhen Branch of China Securities Registration and Settlement Co., Ltd., and pledged 45 million shares of the Company, accounting for 20.45% of its shares and 8.67% of the company's total share capital. The starting date of the pledge is June 9, 2025, until the pledge cancellation registration is processed. The pledge holder is Zheshang Securities Co., Ltd., and the purpose of the pledge is to guarantee the exchange of the underlying stock by the holder of the exchangeable bond or the principal and interest payment of the current exchangeable bond.

Wanan Technology announced that the controlling shareholder Wanan Group plans to issue non-public exchangeable corporate bonds using some of the company's A-shares as the target, and has obtained the “Letter of No Objection Concerning Wanan Group Co., Ltd.'s non-public offering of exchangeable corporate bonds to meet the requirements for listing on the Shenzhen Stock Exchange” issued by the Shenzhen Stock Exchange. In order to guarantee that the holders of this exchangeable bond exchange or the principal and interest of this exchangeable bond are paid in full as agreed, Wanan Group used some of the Company's A-shares held as guarantee and applied for pledge registration with the Shenzhen Branch of China Securities Registration and Settlement Co., Ltd. Wanan Group has obtained a “Securities Pledge Registration Certificate” issued by the Shenzhen Branch of China Securities Registration and Settlement Co., Ltd., and pledged 45 million shares of the Company, accounting for 20.45% of its shares and 8.67% of the company's total share capital. The starting date of the pledge is June 9, 2025, until the pledge cancellation registration is processed. The pledge holder is Zheshang Securities Co., Ltd., and the purpose of the pledge is to guarantee the exchange of the underlying stock by the holder of the exchangeable bond or the principal and interest payment of the current exchangeable bond.