Yidu Tech subsidiary enters new total return swap with Goldman Sachs

A subsidiary of Yidu Tech Inc. (Yidu Tech) entered into a Total Return Swap (TRS) Transaction with Goldman Sachs International on October 23, 2025. The Maximum Equity Notional Amount for this new TRS Transaction is approximately HK$54,404,700, bringing the aggregate actual equity notional amount to approximately HK$60,957,392.64 when combined with previous transactions.

The TRS Transaction has an approximate three-year term, with both parties having an early termination option under certain conditions. There will be no physical delivery of shares to Yidu Tech, and Goldman Sachs International will have sole discretion over its hedging strategy, independent of the company. The initial price will be determined based on a guaranteed discount to the daily volume-weighted average prices during a relevant period, subject to a pre-agreed maximum price per share.

Yidu Tech entered into the TRS transaction to hedge its exposure to future share price appreciation, particularly concerning the acquisition of shares for its Post-IPO Share Award Scheme. The board believes these terms are fair, reasonable, and in the best interests of the company, group, and shareholders.