Yonyou Network Technology Co.Ltd(600588) : Yonyou Network Technology Co.Ltd(600588) announcement on the spin off of its subsidiary UFIDA Automotive Information Technology (Shanghai) Co., Ltd. to be listed on the science and innovation board and approved by the Shanghai Stock Exchange

Stock abbreviation: Yonyou Network Technology Co.Ltd(600588) Stock Code: Yonyou Network Technology Co.Ltd(600588) No.: pro 2022018 Yonyou Network Technology Co.Ltd(600588)

Announcement on the spin off of its subsidiary UFIDA Automotive Information Technology (Shanghai) Co., Ltd. to be listed on the science and innovation board and approved by the Shanghai Stock Exchange

The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.

Yonyou Network Technology Co.Ltd(600588) (hereinafter referred to as “the company”) plans to spin off its subsidiary UFIDA Automotive Information Technology (Shanghai) Co., Ltd. (hereinafter referred to as “UFIDA”) to be listed on the science and innovation board. Now that the company has received the notice from UFIDA, the listing audit center of Shanghai Stock Exchange announced the announcement on the results of the 15th review meeting of the municipal Party committee in 2022 on the science and Innovation Board on March 7, 2022, and considered that UFIDA meets the issuance conditions, listing conditions and information disclosure requirements. UFIDA’s application for IPO was approved by Shanghai Stock Exchange.

UFIDA automobile’s public offering and listing on the science and innovation board still need to obtain the approval and registration decision of the China Securities Regulatory Commission, which is uncertain.

The company will timely perform the obligation of information disclosure according to the progress of relevant matters and in strict accordance with the provisions and requirements of laws and regulations. Please pay attention to the majority of investors and pay attention to investment risks.

It is hereby announced.

Yonyou Network Technology Co.Ltd(600588) board of directors March 8, 2002

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