Moore Threads: for the first time publicly issued shares and listed on the Sci-Tech Innovation Board, with a total of 70 million shares issued.

Moore Thread Announcement: For the first time, the company will publicly issue shares and list on the Science and Technology Innovation Board. The total number of shares issued is 70 million, all of which are new shares issued publicly. The online and offline issuance will be implemented through the Shanghai Stock Exchange trading system and internet trading platform on November 24, 2025. The issuance price is 114.28 yuan per share, and the expected total fundraising amount is 8 billion yuan. After deducting issuance expenses, the expected net fundraising amount is 7.576 billion yuan.