Cloud Live Technology Group Co.Ltd(002306) : Announcement on abnormal fluctuations in stock trading

Securities code: Cloud Live Technology Group Co.Ltd(002306) securities abbreviation: Cloud Live Technology Group Co.Ltd(002306) Announcement No.: 2022023 Cloud Live Technology Group Co.Ltd(002306)

Announcement on abnormal fluctuations in stock trading

The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.

1、 Introduction to abnormal fluctuations in stock trading

Cloud Live Technology Group Co.Ltd(002306) (hereinafter referred to as “the company”) shares (Securities abbreviation: Cloud Live Technology Group Co.Ltd(002306) , securities code: Cloud Live Technology Group Co.Ltd(002306) ) in two consecutive trading days on March 31 and April 1, 2022, the cumulative deviation of the closing price increase reached 20.46%. According to the relevant provisions of the trading rules of Shenzhen Stock Exchange, it belongs to the situation of abnormal fluctuation of stock trading.

2、 Description of the company’s concern and verification

In view of the abnormal fluctuation of the company’s stock trading, the company verified the relevant matters and inquired with the controlling shareholder of the company, Shanghai Zhenxi enterprise management consulting partnership (limited partnership) (hereinafter referred to as “Shanghai Zhenxi”) and the actual controller, Mr. Chen Ji. The relevant information is described as follows:

1. There is no need to correct or supplement the information disclosed by the company in the early stage.

2. The company further explained the situation of the company’s shareholding company Guangzhou wawamata Technology Co., Ltd. (hereinafter referred to as “Guangzhou wawamata”) involved in the recent reply to relevant questions from investors on the investor relations interactive platform of Shenzhen Stock Exchange: the company jointly invested and established Guangzhou wawamata with a registered capital of 10 million yuan on January 18, 2022, The company has subscribed 2 million yuan and actually contributed 500000 yuan. The company holds 20% equity of Guangzhou wawawa meita, and the company does not participate in its daily operation and management. As of the disclosure date of this announcement, the company’s main business has not changed significantly.

In addition to the above description, the company has not found any other unpublished material information that may or has had a great impact on the company’s stock trading price reported by the public media recently.

3. The company’s operation and internal and external business environment have not changed significantly recently.

4. After self-examination and inquiry, the company, the controlling shareholder and the actual controller of the company have no major matters that should be disclosed but not disclosed about the company, or major matters in the planning stage; During the abnormal fluctuation of this stock trading, the controlling shareholder Shanghai Zhenxi and the actual controller of the company did not buy or sell the company’s shares.

3、 Whether there is a description of the information that should be disclosed but not disclosed

The board of directors of the company confirms that the company has no undisclosed matters or planning, negotiation, intention, agreement, etc. related to the matters that should be disclosed in accordance with the relevant provisions of the stock listing rules of Shenzhen Stock Exchange; The board of directors has not been informed that the company has undisclosed information that has a great impact on the trading price of the company’s shares and their derivatives that should be disclosed in accordance with the relevant provisions of the stock listing rules of Shenzhen Stock Exchange; The information disclosed by the company in the early stage does not need to be corrected or supplemented.

4、 Necessary risk tips

1. Through self-examination, the company does not violate the fair disclosure of information.

2. The company hereby solemnly reminds investors: China Securities News, securities daily and cninfo (www.cn. Info. Com. CN.) As the information disclosure media designated by the company, all information of the company shall be subject to the information published in the above designated media. Please invest rationally and pay attention to risks.

The company will perform the obligation of information disclosure in strict accordance with the provisions and requirements of relevant laws and regulations and do a good job of information disclosure in time. Please invest rationally and pay attention to investment risks.

It is hereby announced.

Cloud Live Technology Group Co.Ltd(002306) board of directors April 6, 2022

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