688256: announcement of shareholders’ share reduction plan

Securities code: 688256 securities abbreviation: Cambricon Technologies Corporation Limited(688256) Announcement No.: 2022-011

Cambricon Technologies Corporation Limited(688256)

Announcement of shareholders’ share reduction plan

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 shareholders’ shareholding

Before the implementation of the reduction plan, Cambricon Technologies Corporation Limited(688256) (hereinafter referred to as “the company”, “the company” or ” Cambricon Technologies Corporation Limited(688256) “) shareholders Suzhou Industrial Park Paleozoic venture capital enterprise (limited partnership) (hereinafter referred to as “Paleozoic venture capital”) held 10264096 shares of the company, accounting for 2.56% of the total share capital of the company. The shareholder Ningbo Hangao investment partnership (limited partnership) (hereinafter referred to as “Ningbo Hangao”) holds 5061520 shares of the company, accounting for 1.26% of the total share capital of the company; SDIC (Shanghai) venture capital fund enterprise for the transformation of scientific and technological achievements (limited partnership) (hereinafter referred to as “SDIC venture capital fund”) holds 14124730 shares of the company, accounting for 3.52% of the total share capital of the company. Both are limited partnerships with SDIC (Shanghai) Venture Capital Management Co., Ltd. as the general partner and executive partner, forming a concerted action relationship. They hold 19186250 shares of the company, accounting for 4.78% of the total share capital of the company.

The above shares are the shares obtained before the company’s initial public offering and have been listed and circulated since July 20, 2021.

Main contents of share reduction plan

Due to the shareholders’ own capital needs, the company’s shareholder Paleozoic venture capital plans to reduce its total shares of the company by means of centralized bidding and block trading, which is no more than 10264096 shares, that is, no more than 2.56% of the company’s total share capital. Within 6 months after 3 trading days from the date of disclosure of this announcement, the reduction of no more than 10264096 shares through centralized bidding, and the total number of shares reduced in any continuous 60 days shall not exceed 1% of the total number of shares of the company; Within 6 months after 3 trading days from the date of disclosure of this announcement, the reduction of no more than 10264096 shares through block trading, and the total number of shares reduced in any continuous 60 days shall not exceed 2% of the total number of shares of the company,

The reduction price shall be determined according to the market price.

Due to its own capital needs, Ningbo Hangao plans to reduce its Cambrian shares by not more than 5061520 shares and not more than 1.26% of the total shares of Cambricon Technologies Corporation Limited(688256) through centralized bidding and block trading. Within 6 months after 3 trading days from the date of disclosure of this announcement, Ningbo Hangao plans to reduce its holdings of Cambricon Technologies Corporation Limited(688256) shares by centralized bidding, And the total number of shares reduced within any continuous 90 days shall not exceed 1% of the total number of shares of the company; The reduction of Cambricon Technologies Corporation Limited(688256) shares through block trading shall not exceed 5061520 shares, and the total number of shares reduced in any continuous 90 days shall not exceed 2% of the total number of shares of the company. The reduction price shall refer to the market price.

Due to its own capital needs, SDIC venture capital fund plans to reduce its total holdings of Cambricon Technologies Corporation Limited(688256) shares by means of centralized bidding and block trading by no more than 8016293 shares and no more than 2.00% of the total shares of Cambricon Technologies Corporation Limited(688256) . Within 6 months after 3 trading days from the date of disclosure of this announcement, it plans to reduce its holdings of Cambricon Technologies Corporation Limited(688256) shares by means of centralized bidding by no more than 8016293 shares, And the total number of shares reduced within any continuous 90 days shall not exceed 1% of the total number of shares of the company; The reduction of Cambricon Technologies Corporation Limited(688256) shares through block trading shall not exceed 8016293 shares, and the total number of shares reduced in any continuous 90 days shall not exceed 2% of the total number of shares of the company. The reduction price shall refer to the market price.

On February 22, 2022, the company received the notification letter on the share reduction plan of Zhongke Cambricon Technologies Corporation Limited(688256) Technology Co., Ltd. from the shareholder of the company, Paleozoic venture capital, and the notification letter on the share reduction plan from Ningbo Hangao and SDIC venture capital. Now the relevant share reduction plans are announced as follows:

1、 Basic information of the reducing entity

Shareholder name shareholder identity shareholding number (shares) shareholding proportion current shareholding source

Suzhou Industrial Park Paleozoic

Venture capital enterprises (Limited shareholders less than 5% 2.56% acquired before IPO: 10264096 partnership shares)

Less than 5% of shareholders of Ningbo Hangao investment partnership obtained before IPO: 5061520 shares (limited partnership) 5061520 1.26%

SDIC (Shanghai) scientific and technological achievements

Conversion of less than 5% shareholders of venture capital fund enterprises 14124730 3.52% obtained before IPO: 14124730 shares (limited partnership)

Note: according to the relevant information provided by the shareholder Paleozoic venture capital, Paleozoic venture capital is a private equity fund that has been filed with China Securities Investment Fund Industry Association, and successfully applied to China Securities Investment Fund Industry Association for the shareholding reduction policy of venture capital fund shareholders. Its investment period is more than 36 months but less than 48 months, The reduction ratio shall comply with the special provisions on the reduction of shares held by shareholders of venture capital funds of listed companies (revised in 2020) and the reduction of shares held by shareholders of venture capital funds of listed companies on Shanghai Stock Exchange

According to the relevant provisions of the implementation rules (revised in 2020), if the shares are reduced through centralized bidding, it shall be within any continuous 60 days

The total number of shares reduced shall not exceed 1% of the total number of shares of the company; If the shares are reduced through block trading, they shall be reduced for 60 consecutive days at any time

The total number of shares reduced within the company shall not exceed 2% of the total number of shares of the company.

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

Shareholder name shareholding number shareholding proportion concerted action relationship formation reason (share)

Ningbo Hangao investment partnership, both by SDIC (Shanghai) (limited partnership) 5061520 1.26%

SDIC (Shanghai) scientific and technological achievements Venture Capital Management Co., Ltd. is a limited partnership with the first group of transformed venture capital fund enterprises as general partner and executive affairs 14124730 3.52% partner.

(limited partnership)

Total 19186250 4.78% –

Note: the tail difference of table data is caused by rounding.

Share reduction of shareholders and persons acting in concert within 12 months

Name of shareholder number of holdings reduction proportion of holdings reduction price range of holdings reduction during the period of holdings reduction disclosure (share) (yuan / share) date of previous holdings reduction plan

Suzhou Industrial Park

Paleozoic venture capital 3887809 0.97% 2021 / 9 / 6 ~ 89.00-106.49 enterprises funded on July 23, 2021 (limited 2022 / 1 / 4)

(partnership) Suzhou Industrial Park

Zhike shengxun entrepreneurship 4002205 1.00% 2021 / 8 / 17 ~ 75.02-102.20 investment enterprises on July 23, 2021 (with 2021 / 11 / 22)

Limited partnership)

Ningbo Hangao investment 2021 / 8 / 17 ~

Partnership (7277626 1.82% 2022 / 1 / 24 65.59-106.30 limited partnership on July 30, 2021)

Note: up to now, Zhike shengxun venture capital enterprise (limited partnership) in Suzhou Industrial Park no longer holds shares of the company.

For details, please refer to the website of Shanghai Stock Exchange (www.sse. Com. CN.) Cambricon Technologies Corporation Limited(688256)

Announcement on the expiration of shareholders’ share reduction plan and the result of share reduction (Announcement No.: 2022-009).

2、 Main contents of share reduction plan

Planned reduction number planned reduction bidding transaction reduction combined with proposed reduction shareholder name quantity (share) proportion reduction method during reduction price shares to reason interval source

Suzhou industry

No more than: no more than the reduction of competitive trading and no more than the first public offering

Acting venture capital investment: 10264096 shares 2022 / 3 / 1 according to their own capital enterprises in the market: reduction of holdings in block transactions, not exceeding the demand of the development bank at the price (2.56% of limited joint shares: 10264096 shares obtained before 2022 / 8 / 31)

(partner)

Ningbo Hangao no more than: no more than the reduction of competitive trading, no more than the first public offering

Investment in partnership: 5061520 shares 2022 / 3 / 1 according to 1.26% shares of self-funded enterprises in the market (5061520 shares: reduction of holdings in block transactions, not exceeding the price development bank’s demand for limited partnership) and 5061520 shares obtained before 2022 / 8 / 31

SDIC (I)

(SEA) technology bidding transaction reduction, no more than

Achievement transformation no more than: no more than: 8016293 shares 2022 / 3 / 1 according to the first public venture capital investment in the market 8016293 shares: reduction of holdings in block transactions, no more than 2.00% of enterprise shares of development bank fund demand fund; no more than: 8016293 shares obtained before 2022 / 8 / 31

(limited partnership)

(I) whether the relevant shareholders have other arrangements □ yes √ no

(II) whether the shareholders have made commitments on the shareholding ratio, quantity, duration, reduction method, quantity and price √ yes □ no

The shareholders of the company, Paleozoic venture capital, Ningbo Hangao and SDIC venture capital, promise:

(1) After the listing of the company’s shares and the expiration of the lock up period of the pre IPO shares held by the enterprise / company, if the enterprise / company intends to reduce its pre IPO shares, it will strictly abide by the relevant provisions of the CSRC and Shanghai Stock Exchange on shareholders’ reduction of pre IPO shares.

(2) Within 12 months from the date of listing of the company’s shares, the enterprise / company will not transfer or entrust others to manage the pre IPO shares, nor will the company repurchase the pre IPO shares.

(3) After the expiration of the lock-in period of the shares held by the company / the company before the initial public offering, the company will carefully abide by the relevant provisions of the company law, the securities law, the China Securities Regulatory Commission and the Shanghai Stock Exchange on the reduction of shareholders’ holdings, carefully formulate the stock reduction plan in combination with the needs of the company to stabilize the stock price, carry out business and capital operation, and gradually reduce its holdings after the expiration of the stock lock-in period.

(4) After the lock up period of the pre IPO shares held by the enterprise / company expires, if the enterprise / company intends to reduce its pre IPO shares, it will notify the company in writing of its intention to reduce its shares and the number of shares to be reduced in accordance with the relevant provisions of the CSRC and Shanghai stock exchange, and the company will make a timely announcement. If the enterprise / company intends to reduce its holdings through centralized bidding trading, it will file the reduction plan with Shanghai Stock Exchange 15 trading days before the first sale

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