Newborn Town Inc. — Major Shareholding Notification 2021

Sep 14, 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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NEWBORN TOWN INC. 赤子城科技有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 9911)

VOLUNTARY ANNOUNCEMENT INCREASE IN SHAREHOLDING BY CONTROLLING SHAREHOLDER

This is a voluntary announcement made by Newborn Town Inc. (the “ Company ”).

The board (the “ Board ”) of directors (the “ Directors ”) of the Company was informed by Spriver Tech Limited, a controlling shareholder, that it has recently purchased a total of 2,000,000 shares of the Company (the “ Shares ”) in the open market (the “ Purchase ”), and Spriver Tech Limited, the controlling shareholder, has undertaken to the Company that it shall not dispose such 2,000,000 Shares for a period of 36 months.

Spriver Tech Limited is a company wholly owned by Mr. LIU Chunhe (“ Mr. LIU ”), the Chairman of the Board of the Company, which increased its shareholding in the Company subject to the market conditions and the applicable laws and regulations. Immediately after the Purchase, Spriver Tech Limited was interested in 308,928,420 Shares, representing approximately 30.93% of the total issued share capital of the Company as at the date of this announcement.

Mr. LIU is confident about the future prospects of the Company and believes that the Company will have continuing growth and rapid development, and he may consider further increasing his shareholding in the Company in due course, subject to compliance with the applicable laws and regulatory requirements.

The Board shares Mr. LIU’s view that the Shares were traded at a price which significantly undervalued the Company’s performance and underlying value, and recognises his confidence in the prospects and intrinsic value of the Company as well as his long-term commitment towards the Company.

Based on the information available to the Company and to the best knowledge of the Board, the Company has maintained sufficient public float as at the date of this announcement.

Shareholders and potential investors of the Company are advised to exercise caution when dealing in the Shares.

By order of the Board Newborn Town Inc. LIU Chunhe Chairman

Beijing, 14 September 2021

As at the date of this announcement, the executive Directors of the Company are Mr. LIU Chunhe, Mr. LI Ping, Mr. YE Chunjian and Mr. SU Jian; and the independent non-executive Directors of the Company are Mr. GAO Ming, Mr. CHI Shujin and Mr. HUANG Sichen.