FORM 2 - Corporate Substantial Shareholder Notice
 
Form Serial Number: CS20260902E00436 
1. Date of relevant event: 02/09/2026
(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: 1,400,338,291
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
1313There 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
2101Beneficial owner
2101Beneficial owner
 10,000,000
Short position 
14015You 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
 
2101Beneficial owner
 
2101Beneficial owner
 		 10,000,000           
18. Total shares immediately before the relevant event:
 Total number of sharesPercentage figure (%)
Long position150,460,81010.74
Short position12,000,0000.86
19. Total shares immediately after the relevant event:
 Total number of sharesPercentage figure (%)
Long position150,460,81010.74
Short position22,000,0001.57
20. Capacity in which interests disclosed in Box 19 are held:
Capacity codeNumber of shares
2101Beneficial owner
Long position150,460,810
Short position22,000,000

21. Further information in respect of derivative interests:
Derivatives codeNumber of shares
4105Unlisted derivatives - Physically settled
Short position22,000,000
22. Further information in relation to interests of corporations controlled by substantial shareholder:
Name of controlled corporationAddress and place of incorporationName of controlling person% controlDirect interest (Y/N)Number of shares
JZZT LimitedP.0.Box 905, Quastisky Building, Road Town, Tortola, British VirginIslandsTravelspace Limited47.69Y
Long position150,460,810
Short position22,000,000
Travelspace LimitedP.0.Box 905, Quastisky Building, Road Town, Tortola, British VirginIslandsSU Jian100.00Y
Long position150,460,810
Short position0

23. Further information in relation to interests held by substantial shareholder jointly with another person:
Name of joint shareholderAddressNumber of shares
 
24. Further information from a trustee, a beneficiary of a trust, or a person who set up a discretionary trust:
Names of trustAddressStatus codeNumber of shares
  
25. Further information from a party to an agreement under Section 317 (Please see Notes for further information required):
Names of other partiesAddressNumber 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:
NamesAddressRelationship CodePercentage (%)
  
 
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: 02/09/2026
(dd/mm/yyyy)