Shenzhen Microgate Technology Co., Ltd. (SZSE:300319) agreed to acquire additional 20% stake in Chengdu Goldriver Electronics Co., Ltd. from Wang Qiuyong on June 27, 2023. The deal has been approved by board of directors of Shenzhen Microgate Technology Co., Ltd. The transaction price for the 20% stake in Goldriver is CNY 67.2 million of which, CNY 33.60 million will be paid by share issuance, CNY 33.60 million will be paid in cash. The formal plan was approved by the target?s shareholders?

meeting. The formal plan was approved by the internal decision-making body of the counterparties. This transaction still needs to be approved by the Shenzhen Microgate Technology Co., Ltd. shareholders?

meeting and Shenzhen Stock Exchange and CSRC. Guosen Securities Co., Ltd. As of December 11, 2023, the transction has been reviewed and approved by the Shenzhen Stock Exchange and registered with the approval of the China Securities Regulatory Commission. Guosen Securities Co., Ltd. (SZSE:002736) acted as financial advisor to Shenzhen Microgate Technology.

Huaan Securities Co., Ltd. (SHSE:600909) acted as financial advisor to Shenzhen Microgate Technology. China Commercial Law Firm acted as legal advisor to Shenzhen Microgate Technology Co., Ltd. BDO China SHU LUN PAN Certified Public Accountants LLP acted as accountant to Shenzhen Microgate Technology Co., Ltd.