DISCLOSEABLE TRANSACTION REDEMPTION OF THE WEALTH MANAGEMENT PRODUCTS

Hong Kong Exchange and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.Q TECHNOLOGY (GROUP) COMPANY LIMITED 丘钛科技(集团)有限公司 (Incorporated in the Cayman Islands with limited liability) (Stock Code: 1478) DISCLOSEABLE TRANSACTION REDEMPTION OF THE WEALTH MANAGEMENT PRODUCTS REDEMPTION OF THE WEALTH MANAGEMENT PRODUCTS On 26 September 2023 27 December 2023 and 3 July 2024 the Group redeemed the Wealth Management Products issued by Bank of Ningbo for RMB200 million RMB150 million and RMB150 million respectively i.e. the Redemptions. On 28 September 2023 29 December 2023 and 8 July 2024 the Group received the wealth management income from the Redemptions respectively with an aggregate unaudited amount of approximately RMB4725000.IMPLICATION UNDER THE LISTING RULES Pursuant to Rule 14.22 of the Listing Rules as one of applicable percentage ratios of the three Redemptions calculated on an aggregated basis is more than 5% but less than 25% the Redemptions would constitute a discloseable transaction of the Company under Chapter 14 of the Listing Rules and would be subject to the reporting and announcement requirements under Chapter 14 of the Listing Rules. 1REDEMPTION OF THE WEALTH MANAGEMENT PRODUCTS On 29 June 2023 the Group (through its wholly-owned subsidiary Kunshan QT China) subscribed for a Wealth Management Product issued by Bank of Ningbo with its idle own funds and entered into subscription with Bank of Ningbo in the principal amount of RMB200 million and redeemed the above Wealth Management Product on 26 September 2023 (the “First Redemption”). On 28 September 2023 the Group continued to subscribe for a Wealth Management Product issued by Bank of Ningbo with the principal of RMB150 million received from the First Redemption and redeemed the Wealth Management Product on 27 December 2023 (the “Second Redemption”).On 8 January 2024 the Group continued to subscribe for a Wealth Management Product issued by Bank of Ningbo with the principal of RMB150 million received from the Second Redemption and redeemed the Wealth Management Product on 3 July 2024 (the “Third Redemption”). The Wealth Management Products under Redemptions are low-risk structured deposits of commercial bank. The principal amount of the three Redemptions was received on the corresponding redemption date and the wealth management income arising from the Redemptions was received on 28 September 2023 29 December 2023 and 8 July 2024 respectively. A summary of the Redemptions is as follows: Wealth Date of Subscription Redemption management No. subscription Name of product Product issuer amount Type of product Term Redemption date amount income (RMB’000) (RMB’000) (RMB’000) 1 29 June 2023 2023 Structured Deposits for Bank of Ningbo 200000 Guaranteed principal with 89 Days 26 September 2023 200000 1536 Institutions No. 231621 non-fixed return 2 28 September 2023 2023 Structured Deposits for Bank of Ningbo 150000 Guaranteed principal with 90 Days 27 December 2023 150000 1080 Institutions No. 232828 non-fixed return 3 8 January 2024 Structured Deposits for Bank of Ningbo 150000 Guaranteed principal with 177 Days 3 July 2024 150000 2109 Institutions No. 7202401029 non-fixed return Total 4725 The aggregate unaudited income arising from the Redemptions is approximately RMB4725000 with an average annualized rate of return of approximately 2.99%. These proceeds will be used as general working capital and short-term investments of the Group (if applicable). The Group’s gain or loss arising from the Redemptions is subject to audit and/or review by the auditors.As at the date of this announcement the Wealth Management Products of the Group under the Subscription with Bank of Ningbo have been redeemed and the Group does not hold any outstanding wealth management products with Bank of Ningbo.REASONS FOR AND BENEFITS OF THE REDEMPTION The Group invests wealth management products with idle cash derived from its business operations to make full use of its idle funds and improve the rate of return on idle funds while achieving income balance and maintaining high liquidity and low risk. Since the Wealth Management Products subscribed by the Group from Bank of Ningbo are fixed-term products the Wealth Management Products will be automatically redeemed upon maturity. Benefiting from the Redemptions the Group obtained unaudited income of approximately RMB4725000 in aggregate.The Group intends to use the proceeds from the Redemptions (including principal and income) for general working capital and short-term investments (if applicable).The Directors believe that the Redemptions are on normal commercial terms fair and reasonable in line with the treasury policy of the Company and in the interests of the Company and its shareholders as a whole. 2INFORMATION OF THE PARTIES The Group is primarily engaged in the design research and development manufacture and sales of camera modules and fingerprint recognition modules and centred on mid-to-high end camera and fingerprint recognition module market for intelligent mobile terminals such as global smart phone and tablet PC brands Internet of Things (IoT) smart vehicles etc.Bank of Ningbo is a licensed bank under the laws of the PRC and is ranked among the top 20 commercial banks in the PRC banking industry (based on net core tier 1 capital) in 2023 which is principally engaged in absorption of deposits; short-term medium-term and long-term loan business; domestic settlements; discounting; issuance of financial bonds; acting as distribution agent payment agent and underwriter of government bonds; trading government bonds; inter-bank lending or borrowing; bank guarantee; payment/collection agent and insurance agent; providing safe deposit box service; consignment loan of local fiscal revolving funds; foreign currency deposit loans and remittance; international settlements; purchase and sale of foreign currencies; inter-bank foreign currency lending or borrowing; acceptance and discount of foreign currency papers; foreign currency guarantees; trading of financial derivatives; and other businesses under the approval of China Banking Regulatory Commission the People’s Bank of China and State Administration of Foreign Exchange in the PRC.To the best of the Directors’ knowledge information and belief after making all reasonable enquiries Bank of Ningbo and its ultimate beneficial owners are third parties independent of and not connected with the Company and its connected persons.IMPLICATION UNDER THE LISTING RULES Pursuant to Rule 14.22 of the Listing Rules as one of applicable percentage ratios of the three Redemptions calculated on an aggregated basis is more than 5% but less than 25% the Redemptions would constitute a discloseable transaction of the Company under Chapter 14 of the Listing Rules and would be subject to the reporting and announcement requirements under Chapter 14 of the Listing Rules. GENERAL None of the Directors is deemed to be interested in the Redemptions. Therefore no Director is required to abstain from voting on the approval of Redemptions at the Board meeting.DEFINITIONS In this announcement the following expressions shall have the meanings set out below unless the context otherwise requires: “Bank of Ningbo” Bank of Ningbo Co. Ltd. a joint-stock commercial bank incorporated in the PRC the issued shares of which are listed and traded on the Main Board of the Shenzhen Stock Exchange (stock code: 002142.SZ) “Board” the board of Directors “Company” Q Technology (Group) Company Limited a company incorporated in the Cayman Islands with limited liability the issued Shares of which are listed and traded on the main board of the Stock Exchange (stock code: 1478) 3“connected person” has the meaning ascribed thereto under the Listing Rules “Director(s)” the director(s) of the Company “Group” the Company and its subsidiaries “Kunshan QT China” Kunshan QTech Microelectronics Co. Ltd. a company established in the PRC and an indirect wholly-owned subsidiary of the Company “Listing Rules” the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited “PRC” the People’s Republic of China “Redemption(s)” the First Redemption the Second Redemption and the Third Redemption made by the Group from Bank of Ningbo “RMB” Renminbi the lawful currency of PRC “Share(s)” ordinary share(s) of HK$0.01 each in the share capital of the Company “Shareholder(s)” holders of the Share(s) “Stock Exchange” The Stock Exchange of Hong Kong Limited“Wealth Management the structured deposit wealth management product(s) issued byProduct(s)” Bank of Ningbo and subscribed by the Group under relevant subscription agreement “Subscription(s)” the subscriptions for Wealth Management Products made by the Group with Bank of Ningbo on 29 June 2023 28 September 2023 and 8 January 2024 “subsidiary(ies)” has the meaning ascribed thereto under the Listing Rules “%” per cent.By Order of the Board Q Technology (Group) Company Limited He Ningning Chairman and Executive Director Hong Kong 8 July 2024 As at the date of this announcement the executive Directors are Mr. He Ningning (chairman) Mr. Hu Sanmu (chief executive officer) and Mr. Fan Fuqiang; and the independent non-executive Directors are Mr. Chu Chia-Hsiang Mr. Ko Ping Keung and Ms. Hui Hiu Ching. 4