Ingdan, Inc. — Capital/Financing Update 2021

Sep 30, 2021

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.

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COGOBUY GROUP

科 通 芯 城 集 團

(a company incorporated under the laws of the Cayman Islands with limited liability)

(Stock Code: 400)

INSIDE INFORMATION APPLICATION BY SHENZHEN COMTECH LIMITED FOR LISTING TUTORING IN THE PRC

This announcement is made by Cogobuy Group (the ‘‘Company’’) pursuant to Rule 13.09(2)(a) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the ‘‘Listing Rules’’) and the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571, Laws of Hong Kong).

The Company is currently considering a possible spin-off and separate listing of Shenzhen Comtech Limited* (深圳市科通技術股份有限公司) (‘‘Comtech’’) on the Shenzhen Stock Exchange or the Shanghai Stock Exchange in the People’s Republic of China (the ‘‘PRC’’) (the ‘‘Proposed Spin-off and Listing’’). Comtech is an indirect non-wholly owned subsidiary of the Company and a technological service provider serving the chips industry.

The Company submitted an application in relation to the Proposed Spin-off to The Stock Exchange of Hong Kong Limited (the ‘‘Hong Kong Stock Exchange’’) for approval pursuant to Practice Note 15 of the Listing Rules. As at the date of this announcement, Comtech has not submitted any official application for listing to any relevant regulatory authorities in the PRC. Subsequently, the Company will make further disclosure as and when appropriate pursuant to the relevant requirements of the Listing Rules.

The financial advisor of Comtech has today made a submission to the Shenzhen Regulatory Bureau of China Securities Regulatory Commission regarding Comtech’s application for a pre-listing tutoring process in connection with the Proposed Spin-off and Listing.

The Proposed Spin-off and Listing (if materialised) will constitute a deemed disposal (as defined in the Listing Rules) under the Listing Rules. The Company will make further disclosure as and when appropriate pursuant to the relevant requirements of the Listing Rules.

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While the Company’s interests in Comtech is expected to decrease upon completion of the Proposed Spin-off and Listing, if the Proposed Spin-off and Listing is approved and proceeds, the Company will remain as the ultimate controlling shareholder (as defined in the Listing Rules) of Comtech, whose results will continue to be consolidated into that of the Company, which are expected to bring longterm and strong growth to the Company’s businesses.

Shareholders of the Company and potential investors should note that, the Proposed Spin-off and Listing is subject to, inter alia, the prevailing market conditions and approvals from relevant authorities, including the China Securities Regulatory Commission, relevant stock exchange in the PRC and the Hong Kong Stock Exchange. Accordingly, shareholders of the Company and potential investors should be aware that, the Company does not guarantee as to whether the Proposed Spin-off and Listing will proceed or not and to the timing thereof. Shareholders of the Company and potential investors are advised to exercise caution when dealing in the securities of the Company.

By order of the Board

Cogobuy Group KANG Jingwei, Jeffrey Chairman, Executive Director and Chief Executive Officer

Hong Kong, 30 September 2021

As at the date of this announcement, the executive Directors are Mr. KANG Jingwei, Jeffrey and Mr. WU Lun Cheung Allen; the non-executive Director is Ms. NI Hong, Hope; and the independent non-executive Directors are Mr. YE Xin, Dr. MA Qiyuan and Mr. HAO Chunyi, Charlie.

• For identification purpose only

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