688256: Announcement on the progress of shareholders’ share reduction after more than half of the time

Securities code: 688256 securities abbreviation: Cambricon Technologies Corporation Limited(688256) Announcement No.: 2022-005

Cambricon Technologies Corporation Limited(688256)

Announcement on the progress of shareholders’ share reduction after more than half of the time

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 liabilities 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, Nanjing Zhaoyin Telecom New Trend Lingxiao growth equity investment fund partnership (limited partnership) (hereinafter referred to as “Nanjing Zhaoyin”) held 13002264 shares of Cambricon Technologies Corporation Limited(688256) (hereinafter referred to as “the company”, “the company” or ” Cambricon Technologies Corporation Limited(688256) “), accounting for 3.25% of the total share capital of the company; Hubei Changjiang Zhaoyin growth equity investment partnership (limited partnership) (hereinafter referred to as “Hubei Zhaoyin”) holds 6501132 shares of the company, accounting for 1.62% of the total share capital of the company.

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

Progress of share reduction plan

On September 18, 2021, the company disclosed the announcement of Cambricon Technologies Corporation Limited(688256) shareholders’ share reduction plan (Announcement No.: 2021-040). Nanjing Zhaoyin, the shareholder of the company, plans to reduce the total number of Cambricon Technologies Corporation Limited(688256) shares by means of centralized bidding and block trading, which shall not exceed 6501132 shares, that is, not more than 1.62% of the total share capital of the company. Hubei Zhaoyin, the shareholder of the company, plans to reduce the total number of Cambricon Technologies Corporation Limited(688256) shares by means of centralized bidding and block trading, which will not exceed 3250566 shares, that is, not more than 0.81% of the total share capital of the company.

On January 18, 2022, the company received the notification letter on the progress of share reduction issued by the shareholders Nanjing Zhaoyin and Hubei Zhaoyin. As of the disclosure date of this announcement, Nanjing Zhaoyin has reduced 1109466 shares of the company through centralized bidding, accounting for 0.2773% of the total share capital of the company; Hubei Zhaoyin has reduced 558669 shares of the company through centralized bidding, accounting for 0.1396% of the total share capital of the company. The time of this reduction plan is more than half, and the implementation of this reduction plan has not been completed.

1、 Basic information of the reducing entity before the reduction

Shareholder name shareholder identity shareholding quantity shareholding proportion current shareholding stock source

New trend of Nanjing Zhaoyin Telecom obtained before Lingxiao IPO: 13002264 3.25% 13002264 shares of less than 5% shareholders of growth equity investment fund partnership

Business (limited partnership)

Hubei Changjiang CMB growth equity investment less than 5% shareholders 6501132 1.62% obtained before IPO: 6501132 shares of capital partnership (limited partnership)

The above reduction subjects have no concerted action.

2、 Implementation progress of share reduction plan

(I) shareholders disclose the implementation progress of the reduction plan for the following reasons:

The reduction time is more than half

Reduction price

Shareholder name reduction quantity reduction Reduction Reduction Reduction square interval total amount of reduction current number of shares current holding proportion period formula (yuan / (yuan) quantity (share) proportion of shares)

Nanjing Zhaoyin power 2021/

Xinxintrendling 11 / 11

Xiao growth equity 1109466 0.2773% ~ centralized competition 84.70 – 100883913 11892798 2.9725% investment fund 2022 / transaction price 104.92

Joint venture (limited) 1 / 4

Partnership)

Hubei Changjiang zhao2021/

Bank growth equity 11 / 11 centralized competition 84.90-

Investment partnership 558669 0.1396% ~ transaction price 105.10 50785514 5942463 1.4852% (limited partnership 2022)/

(2) 1 / 4

(II) whether the reduction is consistent with the plans and commitments previously disclosed by the shareholders

√ yes □ no

(III) whether the listed company has disclosed major events such as high transfer or planning merger and reorganization within the reduction time period

term

□ yes √ no

(IV) impact of this reduction on the company

The implementation of this share reduction plan is decided by the company’s shareholders Nanjing Zhaoyin and Hubei Zhaoyin according to their own development needs, which will not lead to changes in the company’s controlling shareholders and will not have a significant impact on the company’s governance structure and future sustainable operation. (V) other matters required by Shanghai Stock Exchange

III. relevant risk tips (I) uncertain risks in the implementation of the reduction plan, such as the preconditions and restrictive conditions for the implementation of the plan and the specific circumstances in which the relevant conditions are achieved or eliminated

The reduction plan is independently decided by the company’s shareholders Nanjing Zhaoyin and Hubei Zhaoyin according to their own development needs. During the reduction period, Nanjing CMB and Hubei CMB will choose whether to continue to implement and how to implement the reduction plan according to market conditions, company stock price and other factors. There are uncertainties in the reduction quantity, reduction time and reduction price. (II) whether the implementation of the share reduction plan will lead to the risk of change in the control of the listed company □ yes √ no (III) other risks

As of the disclosure date of this announcement, the implementation of this reduction plan has not been completed. The company will continue to pay attention to the progress of the implementation of the shareholders’ share reduction plan, and timely fulfill the obligation of information disclosure in accordance with the provisions of relevant laws and regulations.

It is hereby announced.

Cambricon Technologies Corporation Limited(688256) board of directors January 19, 2022

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