Voicecomm Technology Co., Ltd. — M&A Activity 2024

Sep 30, 2024

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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Hubei Voicecomm Technology Co., Ltd. 湖北聲通科技股份有限公司

(Formerly known as “Shanghai Voicecomm Information Technology Co., Ltd.* 上海聲通信息科技股份有限公司”) (A joint stock company incorporated in the People’s Republic of China with limited liability) (Stock Code: 2495)

VOLUNTARY ANNOUNCEMENT MEMORANDUM OF UNDERSTANDING

This announcement is made by Hubei Voicecomm Technology Co., Ltd. (the “ Company ”) on a voluntary basis.

The Company is pleased to announce that, on August 31, 2024, the Company entered into a Memorandum of Understanding (the “ MOU ”) with Qinghai Hydropower (Group) Co., Ltd. (青 海省水利水電(集團)有限責任公司) (“ Qinghai Hydropower Group ”). The term of the MOU is three years and may be further renewed for another three years upon expiry.

Pursuant to the MOU, both parties agreed to cooperate with each other in the industries of intelligent hydropower, clean energy, artificial intelligence (AI) and big data, and will share their resources in the areas of research and development, marketing and industry convergence, with a view to co-build a new informational and intelligent service platform and ecosystem catering to the needs of the intelligent hydropower industry. The parties will establish a sustainable strategic partnership to realize mutual benefits and will assist each other to gain market share and create business value by implementing multiple specific projects.

During the term of the MOU, the parties will leverage Qinghai Hydropower Group’s resource advantage in existing hydropower projects and the Company’s technology advantage in AI. In particular, both parties will jointly invest in and support the following projects:

• Qinghai Hydropower Stations AI Video Inspection Kit. The parties will implement the AI Video Inspection Kit in the scenario of hydropower stations, integrating the mobility of mobile phones and tablets with the power of intelligent applications, in order to achieve solo intelligent inspection and provide efficient, accurate and traceable daily inspection records in hydropower stations.

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• Qinghai Hydropower Stations Digital Twin Platform. The parties will connect the operation control platforms of hydropower business and clean energy business through modelling and model design, data connection, platform integration and integrated sensing and communication based on existing infrastructures and new informatization construction. The construction will focus on: (1) applying building information modeling (BIM) technology to improve the safety and surveillance of hydraulic engineering projects, such as any abnormality, deformation, subsiding and leakage in the reservoirs; (2) interpreting and processing remote sensing data from satellites and radars, etc., to forecast weather and monitor soil erosion, water quality and environment dynamically; and (3) building highresolution video camera networks in rivers, lakes, hydraulic engineering projects and hydropower facilitates and using AI Image Analytics technology to identify and monitor erosion of riverbanks, discharge of river pollutants, water levels in rivers and reservoirs automatically.

• Qinghai Hydropower Group’s Assets Operation Digital Base. The parties will build an intelligent digital operation platform, which includes the construction and unified management of model library in hydrology, algorithm library in machine learning and graph database in hydrology knowledge, in order to satisfy the needs of different scenarios such as data analytics, professional model-building, machine vision and comprehensive decisionmaking process and support the innovation of the next generation of hydropower business applications.

• Other Areas. The Company will also assist Qinghai Hydropower Group to explore and develop the operation control platforms for electric vehicles’ charging and energy storage facilities and intelligent traffic lights based on AI technology.

Pursuant to the MOU, the parties agreed to establish a cooperation mechanism. Under the mechanism, the parties will: (i) establish a co-working group to facilitate daily communication and coordination; (ii) research and draft project proposals and target to initiate specific projects by the end of 2024; (iii) formulate implementation plans from short-term to long-term based on project proposals and draw up timetables and roadmaps of the projects; and (iv) co-build a research center to jointly explore next generation information technologies such as cloud computing, internet of things, big data, mobile networks and AI in the context of intelligent hydropower, whereby Qinghai Hydropower Group will provide application scenarios and the Company will provide technology platforms. The parties will cooperate to develop innovative solutions in areas such as utilization of water resources, construction of hydraulic engineering projects, control of soil erosion and water supply, leading the intelligent development in the areas of hydraulic engineering and clean energy, and driving the modernization of water governance.

Qinghai Hydropower Group is a company incorporated in the People’s Republic of China and is owned as to approximately 74.45% by Qinghai State-owned Assets Investment Management Co., Ltd. and as to approximately 25.55% by China Three Gorges Renewables (Group) Co., Ltd., which is a company listed on the Shanghai Stock Exchange (A share stock code: 600905). Qinghai Hydropower Group is principally engaged in hydraulic engineering, hydropower, new energy development and management, and production of titanium materials in Qinghai province. To the best of the directors’ knowledge, information and belief and having made reasonable enquiries, each of Qinghai Hydropower Group and its ultimate beneficial owner is a third party independent of the Company and its connected persons (as defined in The Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited).

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The Company believes that the cooperation under the MOU would allow both parties to leverage their respective advantages and resources to realize mutual benefits and foster joint business developments, and is in the interest of the Company and its shareholders as a whole.

The parties will enter into further definitive agreements in respect of any specific transactions or cooperation in connection with the MOU as and when appropriate.

Shareholders and/or potential investors of the Company are advised to exercise caution when dealing in the shares of the Company, and if they are in any doubt about their position, they should consult with their professional adviser(s).

By order of the Board Hubei Voicecomm Technology Co., Ltd. Mr. TANG Jinghua Chairman

Hong Kong, September 30, 2024

As of the date of this announcement, the Board of Directors of the Company comprises Mr. TANG Jinghua as chairman and executive Director, Mr. SUN Qi as executive Director, Mr. YANG Xiaoyuan, Mr. TAN Xiaobo, Mr. CHEN Yulei and Ms. MA Tiantian as non-executive Directors, and Mr. LIU Rong, Mr. WU Haipeng, Mr. MU Binrui and Mr. LEUNG Kin Hong as independent non-executive Directors.

• for identification purpose only

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