Subject: Subsidiary JiZhun Precision Industrial (HuiZhou) Co., Ltd. announces disposal real property

Contents:

1.Name and nature of the underlying asset (e.g., land located at Sublot XX, Lot XX, North District, Taichung City):

The land's right of use assets and the above-ground buildings and ancillary facilities of the 12th Ditch lot of Xialiao Village Committee, Longxi Town, Boluo County, Huizhou City, Guangdong Province.

2.Date of occurrence of the event:2024/07/02

3.Transaction unit amount (e.g.XX square meters, equivalent to XX ping), unit price, and total transaction price:

Transaction unit amount:

The land's right of use assets: 464,748 square meters, equivalent to 140,586.27 ping;

The above-ground buildings: 166,778.84 square meters, equivalent to 50,448.1791 ping

ancillary facilities: a batch

Transaction price: RMB 428,000,000

4.Trading counterparty and its relationship with the Company (if the trading counterparty is a natural person and furthermore is not a related party of the Company, the name of the trading counterparty is not required to be disclosed):

Huizhou Shengxing Creative Industry Park Co., Ltd; None

5.Where the trading counterparty is a related party, announcement shall also be made of the reason for choosing the related party as trading counterparty and the identity of the previous owner, its relationship with the Company and the trading counterparty, and the previous date and monetary amount of transfer: NA

6.Where an owner of the underlying assets within the past five years has been a related party of the Company, the announcement shall also include the date and price of acquisition and disposal by the related party, and its relationship with the Company at the time of the transaction: NA

7.Projected gain (or loss) through disposal (not applicable for acquisition of assets; those with deferral should provide a table explaining recognition):RMB 158.2 million

8.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important terms and conditions:

The counterparty to the transaction shall pay RMB 80 million on the signing date of the framework agreement on asset transfer; Within 150 days of signing date, RMB 348 million will be paid.

9.The manner of deciding on this transaction (such as invitation to tender, price comparison, or price negotiation), the reference basis for the decision on price, and the decision-making unit: Negotiated; market price; Board of director

10.Name of the professional appraisal firm or company and its appraisal price:

(1)Beijing Zhongqihua Asset Appraisal Co., Ltd.; RMB 427.8886 million

(2)Beijing Zhuoxindahua Asset Appraisal Co., Ltd.; RMB 426.4000 million

11.Name of the professional appraiser:

(1)Beijing Zhongqihua Asset Appraisal Co., Ltd.: Yao Yongqiang and Sheng Zhenwei 

(2)Beijing Zhuoxindahua Asset Appraisal Co., Ltd.: Yang Yuyang and Tian Yingxiong

12.Practice certificate number of the professional appraiser:

(1)Yao Yongqiang:13070009；Sheng Zhenwei:11220162

(2)Yang Yuyang:41000788；Tian Yingxiong:11001381

13.The appraisal report has a limited price, specific price, or special price: NA

14.An appraisal report has not yet been obtained: NA

15.Reason for an appraisal report not being obtained: NA

16.Reason for any significant discrepancy with the appraisal reports and opinion of the CPA:NA

17.Name of the CPA firm: NA

18.Name of the CPA:NA

19.Practice certificate number of the CPA:NA

20.Broker and broker's fee: None

21.Concrete purpose or use of the acquisition or disposal:Revitalize assets

22.Any dissenting opinions of directors to the present transaction:None

23.Whether the counterparty of the current transaction is a related party:No

24.Date of the board of directors resolution: NA

25.Date of ratification by supervisors or approval by the audit committee: NA

26.The transaction is to acquire a real property or right-of-use asset from a related party: No

27.The price assessed in accordance with the Article 16 of the Regulations Governing the Acquisition and Disposal of Assets by Public Companies: A

28.Where the above assessed price is lower than the transaction price, the price assessed in accordance with the Article 17 of the same regulations: NA

29.Any other matters that need to be specified: None