Pengwin Holding (Shenzhen) Board Approves Multiple Resolutions, Including Third Shenzhen Park Development

1. Date of Event: July 23, 2025 2. Company Name: Pengwin Holding (Shenzhen) Co., Ltd. 3. Relationship to Company: Subsidiary 4. Cross-shareholding Ratio: 70.17% 5. Reason for Announcement: Announcement on behalf of the subsidiary regarding board approval of the following proposals: (1) Proposal on investing in and constructing the Third Shenzhen Park project. (2) Proposal on acquiring minority equity interests in a controlled subsidiary, constituting a related-party transaction. (3) Proposal on appointing China Construction Fourth Engineering Division Corporation Limited as the general contractor for the first phase of the Third Shenzhen Park project. (4) Proposal on applying for bank credit facilities. (5) Proposal on adjusting the loan额度 provided to controlled subsidiaries. 6. Response Measures: In accordance with regulations, the subsidiary's announcement will be disclosed on the public information observation station. 7. Other Matters to be Disclosed: None. Keywords: Material Information