Mobvista Inc. — M&A Activity 2023

Nov 8, 2023

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Mobvista Inc. 匯量科技有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 1860)

FURTHER UPDATE ON THE ACQUISITION OF THE ENTIRE EQUITY INTEREST IN BEIJING REYUN TECHNOLOGY CO., LTD.*

References are made to the announcements of the Mobvista Inc. (the “ Company ”) dated 8 September 2023 and 13 September 2023 respectively, in respect of certain arbitral awards (the “ Awards ”) relating to the acquisition (the “ Acquisition ”) of the entire equity interest in Beijing Reyun Technology Co., Ltd* (北京熱雲科技有限公司) (“ Beijing Reyun ”).

According to the opinion of the Company’s partnering banks and China legal adviser, as the Acquisition triggers the relevant requirements under the Measures for the Security Review of Foreign Investment (外商投資安全審查辦法) (the “ Measures ”) and the Foreign Investment Law (外商投資法), application should be made to the relevant authorities for the security review of the Acquisition (and any further action arising out thereof or in connection therewith) pursuant to the Measures and the Acquisition should only proceed after the relevant approval. Reyun Technology has therefore made an application to the National Development and Reform Commission (“ NDRC ”) for security review of the Acquisition, and the NDRC has accepted and is currently reviewing such application. Pursuant to the Measures, until the NDRC returns with a decision with respect to the security review, the Company should not further proceed with completion of the equity transfer and payment pursuant to the relevant acquisition agreement or the Awards.

The Company will make further announcements in this regard as and when appropriate.

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 Mobvista Inc. DUAN Wei Chairman

Guangzhou, PRC, 9 November 2023

As at the date of this announcement, the Board comprises Mr. DUAN Wei (Chairman), Mr. CAO Xiaohuan (chief executive officer), Mr. FANG Zikai and Mr. SONG Xiaofei as executive Directors; Mr. WONG Tak-Wai as a non-executive Director; and Mr. SUN Hongbin, Ms. CHEUNG Ho Ling Honnus and Mr. WONG Ka Fai Jimmy as independent non-executive Directors.