Prestigious Technology: Approval for issuing stocks to specific entities granted by the China Securities Regulatory Commission.

Qipai Technology announced that the company has obtained necessary approval and authorization to issue shares to specific parties, and received approval from the China Securities Regulatory Commission on January 17, 2026. This issuance is a priced offering with an issue price of 20.11 yuan per share, a total of 7.9 million shares issued, and a total fundraising amount of 159 million yuan. The subscribers are the actual controlling shareholder Liang Dazhong, Bai Ying, and their related party Liang Huate, subscribing for 400,000 shares, 1.2 million shares, and 6.3 million shares respectively, with a lock-up period of 18 months. As of February 4th, the actual net fundraising amount, after deducting issuance expenses, is 155 million yuan. The issuance process and subscribers are all compliant.