688066: Announcement on the results of share reduction by more than 5% shareholders

Securities code: 688066 securities abbreviation: Piesat Information Technology Co.Ltd(688066) Announcement No.: 2022-006 Piesat Information Technology Co.Ltd(688066)

Announcement on the results of share reduction by more than 5% shareholders

The board of directors, all directors and relevant shareholders of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear legal responsibility for the authenticity, accuracy and integrity of its contents according to law. Important content tips:

Basic information of shareholding of major shareholders

Before the implementation of the reduction plan, the shareholder Sanya Qifu venture capital fund partnership (limited partnership) (formerly known as Shenzhen Qifu venture capital management center (limited partnership)) (hereinafter referred to as “Qifu venture capital”) held 11052755 shares of the company, accounting for 5.99% of the total share capital of the company; Xinyu Qifu No.4 investment management partnership (limited partnership) (hereinafter referred to as “Xinyu Qifu”) holds 916667 shares of the company, accounting for 0.50% of the total share capital of the company. The above shareholders are persons acting in concert and hold 11969422 shares of the company, accounting for 6.49% of the total share capital of the company.

Implementation results of share reduction plan

On December 28, 2021, the company disclosed the announcement on the share reduction plan of more than 5% shareholders (Announcement No.: 2021-061). Illuma venture capital plans to reduce its holdings of no more than 916667 shares through centralized bidding, accounting for 0.50% of the total share capital of the company; Xinyu Qifu plans to reduce the number of shares by centralized bidding to no more than 916667 shares, accounting for 0.50% of the total share capital of the company; Illuma venture capital plans to reduce its holdings of no more than 2762679 shares through block trading, accounting for 1.50% of the company’s total share capital.

On February 22, 2022, the company received the notification letter on the results of share reduction from the shareholder Qifu venture capital. Qifu venture capital reduced 916667 shares of the company through centralized bidding, accounting for 0.50% of the total share capital of the company; Illuma venture capital reduced 2762679 shares of the company through block trading, accounting for 1.50% of the total share capital of the company. The share reduction plan of illuma venture capital has been implemented.

1、 Basic information of the reducing entity before the reduction

Number of shares held

Shareholder name shareholder identity shareholding proportion current shareholding source (share)

More than 5% of illuma venture capital is not obtained before the IPO of the first 11052755 5.99%:

Major shareholder 11052755 shares

More than 5% of Xinyu Qifu is not the first 916667, and 0.50% obtained before IPO: 916667 major shareholder shares

There are persons acting in concert with the above reduction subjects:

Number of shares held

Name of shareholders shareholding ratio concerted action relationship formation reason (share)

The first group of Qifu venture capital 11052755 is 5.99% controlled by the same controller

Xinyu Qifu 916667 0.50% controlled by the same controller

Total 11969422 6.49% –

2、 Implementation results of the share reduction plan (I) major shareholders disclose the implementation results of the share reduction plan due to the following matters: the implementation of the share reduction plan is completed

Number of shareholder’s holdings reduction ratio of the reduction Party’s holdings reduction price area total amount of holdings reduction completion status of current holdings current holdings (shares) example number of shares (yuan) during the period of holdings reduction proportion of shares (yuan / share) (shares)

Illuma Chuang 3679346 2.00% 2022 / 1 / 12 ~ bulk delivery 62.68-235355656.41 has completed 7373409 3.99% investment 2022 / 2 / 22 easy and centralized 65.656

Bidding delivery

easy

(II) whether the actual reduction is consistent with the previously disclosed reduction plan and commitment √ yes □ no (III) whether the reduction time interval expires and whether the reduction has not been implemented □ not implemented √ implemented

(IV) whether the actual reduction has not reached the minimum reduction quantity (proportion) of the reduction plan □ not reached √ reached (V) whether the reduction plan is terminated in advance □ yes √ no

It is hereby announced.

Piesat Information Technology Co.Ltd(688066) board of directors February 23, 2022

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