Inovance controller completes share transfer to daughter

Shenzhen Inovance Technology announced today the completion of an internal share transfer by its actual controller, Zhu Xingming, to his daughter, Zhu Hanyue, under a previously disclosed donation agreement. From September 8 to September 15, 2025, Zhu Xingming transferred 9,602,113 shares to Zhu Hanyue via block trading at an average price of CNY 80.14 per share, representing 0.36% of the company's total share capital.

This transfer concludes the obligations under the donation agreement signed on September 18, 2021, which initially involved 20,602,113 shares. Following this transaction, Zhu Xingming's direct holdings decreased from 1.65% to 1.30%, while Zhu Hanyue's direct holdings increased to 0.76%. The combined voting control of Zhu Xingming and Zhu Hanyue remains unchanged at 19.33% due to a prior agreement where Zhu Hanyue irrevocably delegated her voting rights to her father.

The company confirmed that this internal transfer does not affect its control structure, governance, or ongoing operations, and fully complies with relevant securities regulations.