Lianyun Technology (Hangzhou) Co., Ltd. Self-Inspection Report on Insider Information and the Buying and Selling of Company Shares Related to the 2026 Restricted Stock Incentive Plan

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Securities Code: 688449          Stock Abbreviation: Lianyun Technology          Announcement No.: 2026-010

The board of directors of the Company and all directors guarantee that this announcement contains no false records, misleading statements, or material omissions, and assume legal responsibility for the authenticity, accuracy, and completeness of the contents of this announcement in accordance with the law.

Lianyun Technology (Hangzhou) Co., Ltd. (hereinafter referred to as the “Company”) convened the 5th meeting of the second board of directors on March 9, 2026, and deliberated and approved the proposal on “the Company’s <2026 Restricted Stock Incentive Plan (Draft)> and its summary,” among other related proposals. On March 10, 2026, the Company disclosed the relevant announcements on the website of the Shanghai Stock Exchange (www.sse.com.cn).

In accordance with relevant laws, administrative regulations, normative documents, such as the “Administrative Measures for Equity Incentives of Listed Companies” and the “Administrative Measures for Information Disclosure of Listed Companies,” and relevant internal systems of the Company, such as the Company’s “Insider Information Management System,” the Company has taken sufficient and necessary confidentiality measures for the 2026 Restricted Stock Incentive Plan (hereinafter referred to as “this Incentive Plan”), and has made the necessary registration of the insiders who have access to the insider information of this Incentive Plan.

Pursuant to relevant provisions of laws, administrative regulations, and normative documents, including the “Administrative Measures for Equity Incentives of Listed Companies,” the “Shanghai Stock Exchange Sci-Tech Innovation Board Stock Listing Rules,” and “Guidelines for Self-Regulation of Sci-Tech Innovation Board Listed Companies No. 4—Equity Incentive Information Disclosure,” the Company, through the Shanghai branch of China Securities Depository and Clearing Corporation Limited (i.e., CSDC Shanghai Branch), conducted a self-inspection of the insiders’ trading of the Company’s stock during the 6-month period before the public disclosure of the draft of this Incentive Plan (i.e., from September 9, 2025 to March 9, 2026, hereinafter referred to as the “self-inspection period”). The specific details are as follows:

I. Inspection Scope and Inspection Procedures

1. The inspection targets are the insiders who have access to the insider information of this Incentive Plan.

2. All insiders who have access to the insider information of this Incentive Plan submitted the “Insider Information Insider Registration Form.”

3. The Company made inquiries to CSDC Shanghai Branch regarding the inspection targets’ trading of the Company’s stock during the self-inspection period, and CSDC Shanghai Branch issued the “Information Disclosure Obligation Holder’s Shareholding and Share Change Query Certificate” and the “Shareholder Share Change Details List.”

II. Explanation of the Inspection Targets’ Trading of the Company’s Stock

According to the “Information Disclosure Obligation Holder’s Shareholding and Share Change Query Certificate” and the “Shareholder Share Change Details List” issued by CSDC Shanghai Branch, during the self-inspection period of this Incentive Plan, there were 14 inspection targets who engaged in trading of the Company’s stock. The remaining inspection targets did not engage in trading of the Company’s stock during the self-inspection period. All of the above 14 inspection targets are not directors or senior management personnel of the Company. The specific details are as follows:

1. The trading of the Company’s stock by 9 inspection targets occurred before they became aware of the matters relating to this Incentive Plan. After the Company’s verification, it was confirmed that, at the time these 9 inspection targets traded the Company’s stock, they had not been aware of the matters related to this Incentive Plan. The trading activities of these 9 inspection targets were independent investment decisions and investment actions made based on publicly disclosed information and their own analysis and judgment of secondary market trading conditions, and are unrelated to the insider information of this Incentive Plan. There is no situation in which insider information was used for stock trading.

2. In addition, the trading of the Company’s stock by 5 inspection targets occurred after they became aware of this Incentive Plan and before the Company first disclosed related announcements for this Incentive Plan. After the Company’s verification, it was confirmed that, at the time these 5 inspection targets traded the Company’s stock, they were only aware of this incentive matter and had not obtained the core element information of the Company’s 2026 Restricted Stock Incentive Plan. The above trading activities were independent investment decisions and investment actions made based on publicly disclosed information and their own analysis and judgment of secondary market trading conditions, and are unrelated to the insider information of this Incentive Plan. There is no situation in which insider information was used for stock trading. Among these 5 inspection targets, there is 1 incentive participant. To ensure the legality and compliance of this Incentive Plan, in the spirit of prudence, this incentive participant voluntarily waives participation in this Incentive Plan.

III. Conclusion

During the planning process of this Incentive Plan, the Company strictly followed the “Administrative Measures for Information Disclosure of Listed Companies,” the “Guidelines for Listed Companies on Self-Regulation No. 5—Registration Management System for Insiders of Insider Information” (and other internal confidentiality rules), and strictly limited the scope of personnel participating in planning discussions. Relevant Company personnel who came into contact with insider information and personnel of intermediary agencies were registered promptly, and corresponding confidentiality measures were adopted. Before the Company’s first public disclosure of related announcements for this Incentive Plan, no insider information leakage was found.

Upon verification, within the 6 months prior to the public disclosure of the draft of this Incentive Plan, no instance was found in which any insider who had access to the insider information used such insider information relating to this Incentive Plan to buy or sell stock, or leaked insider information relating to this Incentive Plan. The conduct of all inspection targets complies with the relevant provisions of the “Administrative Measures for Equity Incentives of Listed Companies,” and there is no conduct of trading stock by using insider information.

This announcement is hereby made.

Board of Directors of Lianyun Technology (Hangzhou) Co., Ltd.

March 26, 2026

Securities Code: 688449          Stock Abbreviation: Lianyun Technology          Announcement No.: 2026-011

Lianyun Technology (Hangzhou) Co., Ltd.

Announcement on Resolutions of the First Extraordinary General Meeting of Shareholders in 2026

The board of directors of the Company and all directors guarantee that this announcement contains no false records, misleading statements, or material omissions, and assume legal responsibility for the authenticity, accuracy, and completeness of the contents of this announcement in accordance with the law.

Key Points:

● Whether there were any resolutions rejected at this meeting: None

I. Convening and Attendance at the Meeting

(A) Time of convening of the shareholders’ meeting: March 25, 2026

(B) Location of the shareholders’ meeting: Company meeting room, 6th Floor, Building C1, No. 459 Qianmo Road, Xixing Subdistrict, Binjiang District, Hangzhou, Zhejiang Province

© The situation of ordinary shareholders, shareholders with special voting rights, preferred shareholders with restored voting rights participating in the meeting, and the number of voting rights held by them:

(D) Whether the voting method complies with the provisions of the “Company Law” and the Company’s articles of association, and the chairing situation of the shareholders’ meeting, etc.

This shareholders’ meeting was convened by the Company’s board of directors and chaired by Ms. Fang Xiaoling (Chairwoman). The meeting adopted a combination of on-site voting and online voting to cast votes. The convening and holding procedures of this shareholders’ meeting, the qualifications of the personnel attending the meeting and of the convenor, as well as the voting procedures and voting results, all comply with the provisions of the “Company Law of the People’s Republic of China” and the “Articles of Association of Lianyun Technology (Hangzhou) Co., Ltd.”

(E) Attendance of the Company’s directors and the secretary of the board of directors

1. The Company has 7 directors in office, and 7 directors attended the meeting on-site using a combination of on-site and communication methods;

2. Ms. Qian Xiaofei, the secretary of the board of directors, attended this meeting; other senior executives attended this meeting using a combination of on-site and communication methods.

II. Deliberation on Proposals

(A) Non-cumulative Voting Proposals

1. Proposal name: “Proposal regarding the Company’s <2026 Restricted Stock Incentive Plan (Draft)> and its summary”

Voting result: Approved

Voting situation:

2. Proposal name: “Proposal regarding the Company’s <2026 Implementation and Assessment Management Measures for Restricted Stock Incentives>”

Voting result: Approved

Voting situation:

3. Proposal name: “Proposal to request the shareholders’ meeting to authorize the board of directors to handle matters relating to the Company’s 2026 Restricted Stock Incentive Plan”

Voting result: Approved

Voting situation:

4. Proposal name: “Proposal regarding the formulation of ”

Voting result: Approved

Voting situation:

5. Proposal name: “Proposal on changing the implementation approach of certain projects for raised funds, adjusting investment amounts, and adjusting the internal investment structure”

Voting result: Approved

Voting situation:

(B) For major matters, the voting situation of shareholders holding less than 5% shall be explained

© Explanations on relevant matters regarding the voting of the proposals

1. Proposals 1, 2, and 3 considered at this meeting are special resolutions. They were approved by more than two-thirds of the total number of valid voting rights held by shareholders or shareholder representatives attending this shareholders’ meeting. The remaining proposals are ordinary resolutions, approved by more than half of the total number of valid voting rights held by shareholders or shareholder representatives attending this shareholders’ meeting.

2. Proposals 1, 2, 3, and 5 considered at this meeting conducted separate counting for small and medium investors.

3. Proposals 1, 2, and 3 considered at this meeting are resolutions regarding related-party shareholders’ abstention from voting. Related-party shareholders abstained from voting.

4. Proposals involving preferred shareholders participating in voting: None.

III. Legal Counsel’s Witnessing

1. Law firm witnessing this shareholders’ meeting: Beijing Junhe (Hangzhou) Law Firm

Lawyers: Shen Na, Zhang Yuanyuan

2. Legal counsel’s conclusion:

Beijing Junhe (Hangzhou) Law Firm considers that: The procedures for convening and holding this shareholders’ meeting comply with the “Company Law of the People’s Republic of China,” the “Rules for Shareholders’ Meetings of Listed Companies,” and other relevant laws, regulations, and the “Articles of Association of Lianyun Technology (Hangzhou) Co., Ltd.”; the qualifications of the personnel attending this shareholders’ meeting and of the convenor are lawful and valid; the voting procedures and voting results of this shareholders’ meeting are lawful and valid.

This announcement is hereby made.

Board of Directors of Lianyun Technology (Hangzhou) Co., Ltd.

March 26, 2026

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