Youzan Technology Limited — Major Shareholding Notification 2021

May 12, 2021

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Public Disclosure Form

12 May 2021

Privatisation by way of scheme of arrangement

Disclosure of dealings in the shares of China Youzan Limited

The Executive received the following disclosure of securities dealings pursuant to Rule 22 of the Hong Kong Code on Takeovers and Mergers:

Party	Date	Purchase /Sale	Number of shares	Price per share	Resultant balance(including those ofany person with whomthere is an agreement**or understanding) **	Percentage of class(including those ofany person with whomthere is an agreement**or understanding) **
Ward Ferry Management(Bvi) Limited	11 May 2021	Purchase	48,476,000	$1.6665	1,181,128,000	6.8432%

End

Note:

Ward Ferry Management (Bvi) Limited is a Class (6) associate of the Offeree company by virtue of its holdings of ordinary shares in the Offeree company. Dealings were made for the account of discretionary investment clients.