Cloud Wisdom: Intends to offer a discount of approximately 18% to allocate 1,008,000 shares.

On February 3, Yunzhi Sheng announced on the Hong Kong Stock Exchange that the company has entered into a placement agreement with placement agents. Under this agreement, the company has agreed to appoint the placement agents to use their best efforts to solicit at least six independent placees to subscribe for 1,008,000 new H shares at a placement price of HK$310 per H share. The placement price represents a discount of approximately 17.68% to the closing market price of HK$376.60 per H share on the Stock Exchange of Hong Kong on February 2, 2026. Assuming all placement shares are fully placed, the total proceeds and net proceeds from the placement are expected to be approximately HK$312.48 million and approximately HK$307.19 million, respectively. Based on this, the net issue price per placement share will be approximately HK$304.75.