Botai Auto Federation (02889) directors voluntarily increased their H share holdings in the open market and made a 12-month voluntary sales ban commitment

Zhitong Finance App News, Botai Auto Federation (02889) issued an announcement. Since the current transaction price of the company's shares does not reflect the company's intrinsic value, in order to reflect the firm confidence of the directors in the Group's business development prospects, implementation of the “soft and hard core cloud” integration strategy, and long-term investment value in cutting-edge directions such as smart cockpits, in-vehicle AI, vehicle-side computing power ecology and vehicle optical interconnection, and to further highlight the high degree of agreement between the management team and the company and all shareholders, Ms. Xu Zhenhui (Ms. Xu), the company's executive director, and Mr. Zhang Yi (Mr. Zhang) Today, we used our own capital to increase our H shares (this increase) on the Hong Kong Stock Exchange Limited open market (this time increase).

The Board of Directors hereby announces that on October 30, 2026, Ms. Tsui increased her holdings of the Company's H shares in the open market through centralized bidding through the Stock Exchange trading system, accounting for about 0.008% of the total number of shares issued by the Company on the date of this announcement. The total transaction amount was approximately HK$630,000, and the average transaction price per share was approximately HK$44.42. On October 30, 2026, Mr. Cheung increased his holdings of the Company's H shares by a total of 11,900 shares in the open market through centralized bidding through the Stock Exchange trading system, accounting for about 0.007% of the total number of shares issued by the Company on the date of this announcement. The total transaction amount was approximately HK$550,000, and the average transaction price per share was approximately HK$46.59.

After the completion of this increase in holdings, Ms. Xu Shiyi owned 72,300 H shares of the Company, accounting for about 0.043% of the total number of shares issued by the Company on the date of this announcement. Mr. Zhang Shiyi owned 7005 million H shares of the Company, accounting for about 0.042% of the total number of shares issued by the Company on the date of this announcement.

This increase in holdings is an open market transaction between Ms. Xu and Mr. Zhang. It does not involve the issuance of new shares of the Company, nor does it cause changes in the total issued share capital of the Company.

In order to further demonstrate the management team's firm confidence in the Group's long-term business development and intrinsic value, and to stabilize investor expectations, Ms. Xu and Mr. Zhang have made a written voluntary anti-sale commitment (anti-sale commitment) to the Company as follows:

Ms. Xu and Mr. Zhang will not sell, transfer, dispose of the additional shares or establish any other rights and liabilities affecting their rights in any way (including but not limited to secondary market sales, bulk transactions, OTC agreement transfers, pledges, trust, share swaps or derivatives transactions, etc.) for 12 months from the date of purchase and settlement of the H shares on the Stock Exchange.