Hong Kong Exchanges and Clearing Limited

FORM 2 - Corporate Substantial Shareholder Notice

Form Serial Number:

CS20260723E00505

1. Date of relevant event:

23/07/2026
(dd/mm/yyyy)

2. Date when the substantial shareholder becomes aware of the relevant event / interest in the shares (if later):

(dd/mm/yyyy)

3. Stock code:

09911

4. Name of listed corporation:

赤子城科技有限公司

5. Class of shares:

Ordinary Shares

6. Number of issued shares in class:

1,403,002,391

7. Name of substantial shareholder:

JZZT Limited

8. Registered office:

P.O. Box 905, Quastisky Building, Road Town, Tortola, British Virgin Islands

9. Principal place of business in Hong Kong:

Not applicable

15. Exchange on which listed:

16. Name of listed parent and exchange on which parent is listed:

17. Details of relevant event:

Brief description of relevant event

Capacity in which shares were/are held

Number of shares bought/sold or involved

Currency of transaction

On Exchange

Off Exchange

Before relevant event

After relevant event

Highest price (per share)

Average price (per share)

Average consideration (per share)

Nature of consideration

Long position

1313	There has been a change in nature of your interest in the shares because: you have lent the shares under a securities borrowing and lending agreement

2101	Beneficial owner

2101	Beneficial owner

12,000,000

Short position

14015

You came to have a short position of 1% or more in the shares, or the percentage level of your short position in such shares increased because:
you became the holder of, wrote or issued equity derivatives under which (choose one):
you have any of the rights or obligations referred to in 14011 to 14014 above embedded in a contract or instrument

2101	Beneficial owner

2101	Beneficial owner

12,000,000

18. Total shares immediately before the relevant event:

	Total number of shares	Percentage figure (%)
Long position	150,460,810	10.72

19. Total shares immediately after the relevant event:

	Total number of shares	Percentage figure (%)
Long position	150,460,810	10.72
Short position	12,000,000	0.86

20. Capacity in which interests disclosed in Box 19 are held:

Capacity code

Number of shares

2101	Beneficial owner

Long position	150,460,810
Short position	12,000,000

21. Further information in respect of derivative interests:

Derivatives code

Number of shares

4105	Unlisted derivatives - Physically settled

Short position

12,000,000

22. Further information in relation to interests of corporations controlled by substantial shareholder:

Name of controlled corporation

Address and place of incorporation

Name of controlling person

% control

Direct interest (Y/N)

Number of shares

JZZT Limited

P.0.Box 905, Quastisky Building, Road Town, Tortola, British VirginIslands

Travelspace Limited

47.69

Long position	150,460,810
Short position	12,000,000

Travelspace Limited

P.0.Box 905, Quastisky Building, Road Town, Tortola, British VirginIslands

SU Jian

100.00

Long position	150,460,810
Short position	0

23. Further information in relation to interests held by substantial shareholder jointly with another person:

Name of joint shareholder	Address	Number of shares

24. Further information from a trustee, a beneficiary of a trust, or a person who set up a discretionary trust:

Names of trust	Address	Status code	Number of shares

25. Further information from a party to an agreement under Section 317 (Please see Notes for further information required):

Names of other parties	Address	Number of shares

Total number of shares in which a substantial shareholder is interested under sections 317 and 318

26. Details of person(s) in accordance with whose directions the substantial shareholder or its directors are accustomed to act:

Names	Address	Relationship Code	Percentage (%)

27. Supplementary information:

28. Log/Serial Number of the previous form:

29. Number of concert party document(s) under section 317 attached/uploaded:

Date of filing this Form 2:

23/07/2026
(dd/mm/yyyy)