CLOUD FACTORY (02512): Changes in the company's equity structure

CLOUD FACTORY (02512) announced that the Board of Directors has received notification from Ru Yi Information Technology Co., LTD (Ru Yi IT), one of the company's major shareholders, that on December 19, 2025, Ru Yi IT transferred 151,795,500 shares of the company (equivalent to 31.7% of the total issued shares of the company, excluding treasury shares) to Keen Try No.2 Limited in exchange for 99 shares of Keen Try No.1 Limited's issued share capital. It was disclosed that both Keen Try No.1 Limited and Keen Try No.2 Limited are limited companies registered in the British Virgin Islands, established for the purpose of facilitating trusts. The entire issued share capital of Keen Try No.1 Limited is held by Tricor Equity Trustee Limited, acting as the trustee of a trust established by Mr. Sun Tao (Mr. Sun), the Chairman of the Board, CEO, Executive Director, and one of the major shareholders of the company. It was further disclosed that the trustee will not have any function, responsibility, power, or duty in relation to the trust, as these will all belong to Mr. Sun. Prior to the completion of the share transfer, Ru Yi IT held 329,703,000 shares, equivalent to 68.8% of the total issued shares of the company (excluding treasury shares), and Keen Try No.2 Limited was a wholly-owned subsidiary of Ru Yi IT. Following the completion of the share transfer, Ru Yi IT holds 177,907,500 shares, equivalent to 37.1% of the total issued shares of the company (excluding treasury shares), Keen Try No.2 Limited holds 151,795,500 shares, equivalent to 31.7% of the total issued shares of the company (excluding treasury shares), and 99.0% of Keen Try No.2 Limited's issued share capital is owned by Keen Try No.1 Limited, with the remaining 1.0% owned by Ru Yi IT. As the trust was established solely for Mr. Sun's family wealth planning purposes, and Mr. Sun retains control over the trust, the Board of Directors believes that the share transfer will have no impact on the company's financial condition, operations, or Board composition.