Fortior Technology (Shenzhen) Co., Ltd. — Proxy Solicitation & Information Statement 2025

Aug 1, 2025

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong 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.

Fortior Technology (Shenzhen) Co., Ltd.

峰峪科技(深圳)股份有限公司

(A joint stock company incorporated in the People's Republic of China with limited liability)

(Stock code: 1304)

SUPPLEMENTAL ANNOUNCEMENT TO THE CIRCULAR OF THE COMPANY DATED 29 JULY 2025

References are made to the circular (the "Circular") dated 29 July 2025 of Fortior Technology (Shenzhen) Co., Ltd. (the "Company") and the notice of the EGM, in relation to, among others, resolutions to be proposed at the EGM for consideration and approval by the Shareholders. Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as those defined in the Circular.

In relation to the proposal regarding use of idle fund in cash management as disclosed in the Circular, the Company would like to provide additional information as follows:

"(iii) Proposal regarding use of idle fund in cash management

To maximize shareholder value, improve the efficiency of the use of the Company's own funds (including the net proceeds (the "Net Proceeds") of the Global Offering that are not immediately used for the purposes as stated in the prospectus of the Company published on 30 June 2025 (the "Prospectus")), and make reasonable use of temporary idle self-owned capital, it is proposed that, on the condition of ensuring the Company's normal operations and capital safety, the Company be authorized to use idle self-owned funds in an amount of no more than RMB4.5 billion (inclusive) for cash management.

For the avoidance of doubt, the Net Proceeds that are not immediately used for the purposes as stated in the Prospectus will be deposited into short-term interest-bearing accounts at licensed commercial banks and/or other authorized financial institutions (as defined under the Securities and Futures Ordinance or the applicable laws and regulations in other jurisdictions), and the Company has no plan to change the use of proceeds of the Global Offering stated in the Prospectus as at the date of this announcement.

The Company will disclose in its interim and annual reports the use of the idle Net Proceeds, and will confirm whether such proceeds have been deposited into short-term interest-bearing accounts at licensed commercial banks and/or other authorized financial institutions in accordance with the Prospectus.

---

The rest of the aforementioned self-owned funds that are not the Net Proceeds may be used to purchase investment products with high safety, good liquidity, and sold by financial institutions with valid business qualifications. The Company's audit committee and independent directors have the right to supervise and inspect the use of funds, and may engage professional institutions to conduct audits when necessary. The Group will adhere to prudent investment principles and select investment products issued by financial institutions with good credit ratings, rigorous risk management measures, and the ability to ensure the safety of funds.

The validity period of this authorization shall commence from the date of approval at the EGM and end on the date of the Company's 2025 annual general meeting. Within the aforesaid limit and validity period, the funds may be used on a rolling basis.

The Board proposes that the EGM shall authorize one executive director to exercise decision-making power and execute relevant contracts and documents within the above-mentioned amount and validity period. The finance department of the Company shall be responsible for organizing and implementing the specific matters.

An ordinary resolution will be put forward at the EGM to approve the above matter.

Furthermore, pursuant to the requirements under the Shanghai Stock Exchange STAR Market Listing Rules (《上海證券交易所科創板股票上市規則》) and the Company's prior approval procedure, as the proposal to use idle funds for cash management involved an amount of RMB4.5 billion, which was more than 50% of the Company's most recently audited total asset (approximately RMB2.65 billion as of 31 December 2024), such proposal shall be subject to prior approval by the Shareholders in a general meeting.

Save as disclosed above, the Circular, notice of the EGM, proxy form and reply slip in relation to the EGM shall remain unchanged."

Shareholders and potential investors of the Company are advised to exercise due care when dealing in the shares of the Company.

By Order of the Board
Fortior Technology (Shenzhen) Co., Ltd.
BI Lei
Chairman of the Board

Hong Kong, August 1, 2025

As of the date of this announcement, the Directors are: (i) Mr. BI Lei and Dr. BI Chao as executive Directors, and (ii) Dr. LIN Mingyao, Dr. NIU Shuangxia and Mr. CHEN Jingyang as independent non-executive Directors.

• 2 -