Boardware Intelligence Technology Limited — Capital/Financing Update 2022

Aug 5, 2022

Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited and Hong Kong Securities Clearing Company Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

Unless otherwise defined in this announcement, capitalised terms used herein shall have the same meanings as those defined in the prospectus dated 29 June 2022 (the “ Prospectus ”) issued by BoardWare Intelligence Technology Limited (the “ Company ”).

This announcement is made pursuant to section 9(2) of the Securities and Futures (Price Stabilizing) Rules (Chapter 571W of the Laws of Hong Kong). This announcement is for information purpose only and does not constitute an invitation or offer to acquire, purchase or subscribe for securities. This announcement is not a prospectus. Potential investors should read the Prospectus carefully for detailed information about the Company and the Global Offering before deciding whether or not to invest in the Offer Shares.

This announcement is not for release, publication, distribution, directly or indirectly, in or into the United States, (including its territories and possessions, any state of the United States and the District of Columbia) or any other jurisdiction where such distribution is prohibited by law. This announcement does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States, Hong Kong or elsewhere. The Offer Shares have not been, and will not be, registered under the United States Securities Act of 1933, as amended from time to time (the “ U.S. Securities Act ”), or under any state securities law or with any regulatory authorities of any state in the United States, and may not be offered, sold, pledged or transferred within the United States or to, or for the account or benefit of, U.S. persons, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act. The Offer Shares are being offered and sold outside the United States in reliance on Regulation S.

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BoardWare Intelligence Technology Limited 博維智慧科技有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1204)

END OF STABILISATION PERIOD, STABILISATION ACTIONS AND LAPSE OF OVER-ALLOTMENT OPTION

END OF STABILISATION PERIOD

Pursuant to section 9(2) of the Securities and Futures (Price Stabilizing) Rules (Chapter 571W of the Laws of Hong Kong), the Company announces that the stabilisation period in connection with the Global Offering had ended on Thursday, 4 August 2022, being the 30th day after the last day for the lodging of applications under the Hong Kong Public Offering.

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STABILISATION ACTIONS AND LAPSE OF OVER-ALLOTMENT OPTION

As there was no over-allocation of Shares in the International Placing, the Sole Global Coordinator (for itself and on behalf of the International Underwriters) did not exercise the Over-allotment Option and no stabilisation actions were carried out by the Stabilising Manager, its affiliates or any person acting for it, in relation to the Global Offering during the stabilisation period.

The Over-allotment Option lapsed on Thursday, 4 August 2022, being the 30th day after the last day for the lodging of applications under the Hong Kong Public Offering. Accordingly, no Shares were or will be issued under the Over-allotment Option.

PUBLIC FLOAT

The Directors confirm that the Company will continue to comply with the public float requirement under Rule 8.08(1)(a) of the Listing Rules that at least 25% of the Company’s total number of issued Shares must at all times be held by the public.

On behalf of the Board BoardWare Intelligence Technology Limited Chao Ka Chon Chairman

Hong Kong, 5 August 2022

As at the date of this announcement, the Board comprises Mr. Chao Ka Chon, Ms. Chiu Koon Chi, Ms. Lei Sok Han and Mr. Ng Hong Kei as executive Directors; Mr. Li Haodong as non-executive Director; and Mr. Man Wing Pong, Mr. U Seng Pan and Mr. Suen Chi Wai as independent non-executive Directors.

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