Vala Inc. — M&A Activity 2025

Jun 12, 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.

51信用卡
51 CREDIT CARD INC.
51 信用卡有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 2051)

SUPPLEMENTAL ANNOUNCEMENT

COMPLETION OF DISCLOSABLE TRANSACTION
IN RELATION TO
THE DISPOSAL OF SHARES IN A SUBSIDIARY
BY WAY OF PLACING

Reference is made to the announcements of 51 Credit Card Inc. (the "Company") dated 24 January 2025 and 9 June 2025 (the "Announcements") in respect of, among others, the disposal of shares of China Netcom by 51RENPIN by way of the Placing. Unless otherwise specified, capitalised terms used herein shall have the same meanings as those defined in the Announcements.

The Company would like to provide the Shareholders and potential investors of the Company with additional information in relation to the identities and their respective ultimate beneficial owners of the Places.

To the best of the knowledge, information and belief of the Directors having made all reasonable enquiries, based on the information made available to the Company and as provided by the Placing Agent using reasonable effort, the Places include (i) Yang Ming (楊明); (ii) BAIDE TECHNOLOGY HOLDINGS COMPANY LIMITED, a corporation incorporated in the British Virgin Islands ultimately beneficially owned by Ji Weifeng (季維峰) and Li Huilan (李惠蘭); and (iii) KUN PENG GLOBAL INVESTMENT COMPANY LIMITED (鯤鰭環球投資有限公司), a corporation incorporated in Hong Kong ultimately beneficially owned by Wang Mengyuan (王夢圓).

To the best of the Directors' knowledge, information and belief and as assessed by the Placing Agent using reasonable effort, each of the Places and their respective ultimate beneficial owner(s) is an Independent Third Party.

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This announcement is supplemental to and should be read in conjunction with the Announcements. The above additional information does not affect other information and content set out in the Announcements and all other information as set out in the Announcements remain unchanged.

By order of the Board

51 Credit Card Inc.

Sun Haitao

Chairman, Chief Executive Officer and Executive Director

Hong Kong, 12 June 2025

As at the date of this announcement, the executive Directors are Mr. Sun Haitao and Ms. Wu Shan; the non-executive Director is Ms. Zou Yunli and the independent non-executive Directors are Mr. Ye Xiang, Mr. Xu Xuchu and Mr. Shou Jian.

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