Cloud Factory (02512): Changes in the company's shareholding structure

Zhitong Financial App News, Cloud Factory (02512) issued an announcement. The board of directors of the Company was notified by Ru Yi Information Technology Co., Ltd (Ru Yi IT, one of the controlling shareholders of the Company). On December 19, 2025, Ru Yi IT transferred 151,795,500 shares (equivalent to 31.7% of the total number of shares issued by the Company (excluding treasury shares)) (shares) to Keen Try No. 2 Limited (share transfer) for Keen Try No.2 Limited to issue 99 shares of its issued share capital to Keen Try No.1 Limited.

The Company was informed that Keen Try No.1 Limited and Keen Try No.2 Limited are both limited companies incorporated in the British Virgin Islands and are set up to facilitate the establishment of trusts.

The entire issued share capital of Keen Try No.1 Limited is held by Tricor Equity Trustee Limited (trustee), which acts as a trustee of a plenipotentiary trust (trust) established by the Chairman of the Board of Directors, the CEO of the Company, one of the executive directors and Mr. Sun Tao (Mr. Sun), one of the controlling shareholders of the Company. The Company has been advised that the trustee will not have any investment or asset management functions, responsibilities, powers or duties relating to the trust, and that such functions, responsibilities, powers or duties will only belong to Mr. Sun.

Immediately before the share transfer was completed, Ru Yi IT held 329,703,000 shares, equivalent to 68.8% of the company's total issued shares (excluding treasury shares); and Keen Try No. 2 Limited was wholly owned by Ru Yi IT.

Following the completion of the share transfer, Ru Yi IT held 177,907,500 shares, equivalent to 37.1% of the total number of issued shares of the Company (excluding treasury shares); Keen Try No. 2 Limited held 151,795,500 shares, which is equivalent to 31.7% of the total issued shares of the Company (excluding treasury shares); and of Keen Try No. 2 Limited's issued share capital, 99.0% was owned by Keen Try No.1 Limited Owned, 1.0% owned by Ru Yi IT.

Since the trust was established only for the purpose of Mr. Sun's family wealth planning, and Mr. Sun still retains control of the trust, the directors believe that the share transfer has no impact on the company's financial status, operation, and board composition.