PROGRESS ANNOUNCEMENT ON MAJOR TRANSACTIONIN RELATION TO DEBT ACQUISITION

Hong Kong Exchanges 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.Lvji Technology Holdings Inc.驴迹科技控股有限公司 (Incorporated in the Cayman Islands with limited liability) (Stock Code: 1745) PROGRESS ANNOUNCEMENT ON MAJOR TRANSACTION IN RELATION TO DEBT ACQUISITION This announcement is made by Lvji Technology Holdings Inc. (the “Company” together with its subsidiaries the “Group”) pursuant to Rule 13.09(2)(a) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Listing Rules”) and the Inside Information Provisions (as defined under the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).Reference is made to (i) the announcement of the Company dated December 27 2023 in relation to the major transaction of debt acquisition (the “Major Transaction Announcement”); (ii) the announcement of the Company dated February 15 2024 in relation to the delay in despatch of circular; (iii) the announcement of the Company dated March 8 2024 in relation to further delay in despatch of circular; (iv) the announcement of the Company dated April 5 2024 in relation to further delay in despatch of circular; (v) the announcement of the Company dated May 6 2024 in relation to further delay in despatch of circular; and (vi) the announcement of the Company dated June 7 2024 in relation to further delay in despatch of circular (together the “Delay Announcements”). Unless otherwise stated the terms used in this announcement shall have the same meanings as those defined in the Major Transaction Announcement and the Delay Announcements.– 1 –As disclosed in the Major Transaction Announcement the Company entered into the Agreement with Guangzhou Asset Management for the Acquisition by Guangzhou Asset Management of the Huangtengxia series loan claims through the public listing and bidding services of the Guangdong Financial Assets Exchange Center. Accordingly the Company agrees to contribute no less than 70% of the actual transaction price of the Huangtengxia series loan claims while Guangzhou Asset Management will contribute no more than 30% of the actual transaction price of the Huangtengxia series loan claims and not exceeding RMB111.00 million.The Board hereby announces that the Company intends to and is currently negotiating with Guangzhou Asset Management to adjust the above transaction proposal so as to lower the contribution ratio of the Company. Considering such the Company intends to cease from proceeding with the Acquisition and re-negotiate with Guangzhou Asset Management and/or any other potential third parties regarding transaction proposals in relation to the Acquisition of the Huangtengxia series loan claims. As at the date of this announcement the Company and Guangzhou Asset Management are still finalising the cease of proceeding with the Acquisition and the transaction proposal after adjustments and have not entered into any final agreements.The Company shall make announcements in accordance with the Listing Rules as and when appropriate after entering into the agreement in relation to the cease of proceeding with the Acquisition and finalising the new transaction proposal so as to provide the Shareholders and potential investors of the Company with the latest information.As disclosed in the announcement of the Company dated June 7 2024 in relation to further delay in despatch of circular a circular containing amongst other things further details of the Acquisition any other information required to be disclosed under the Listing Rules and a notice of the extraordinary general meeting was expected to be despatched to the Shareholders on or before July 9 2024. Considering the possible cease of proceeding with the Acquisition the Company will not publish the circular seeking for the approval of the Acquisition and despatch the same to the Shareholders for the time being and also will not convene and hold the extraordinary general meeting.The Board is of the view that the cease of proceeding with the Acquisition has no material adverse impact on the business operation and the financial position of the Group.Shareholders and potential investors are advised to exercise caution when dealing in the shares of the Company.By order of the Board Lvji Technology Holdings Inc.Zang Weizhong Chairman and Executive Director Guangzhou the PRC July 9 2024 As at the date of this announcement the Board comprises three executive Directors namely Mr. Zang Weizhong Mr. Wang Lei and Mr. Liu Hui; and three independent non-executive Directors namely Ms. Gu Jianlu Ms. Gao Yuanyuan and Ms. Gu Ruizhen.–2–