Suzhou Ailong Technology Co., Ltd. Progress Announcement on Repurchasing Company Shares Through Centralized Bidding Trading

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Stock code: 688329 Stock abbreviation: Elong Technology Announcement No.: 2026-013

Suzhou Elong Technology Co., Ltd.

Progress Announcement on the Repurchase of the Company’s Shares Using the Centralized Bidding Trading Method

The Board of Directors of the Company and all directors warrant that this announcement contains no false records, misleading statements, or material omissions, and they assume legal responsibility for the authenticity, accuracy, and completeness of the contents.

Key matters:

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I. Basic Information on the Share Repurchase

On April 25, 2025, Suzhou Elong Technology Co., Ltd. (hereinafter referred to as the “Company”) convened the 5th meeting of the 5th session of the Board of Directors, and approved the Proposal on Repurchasing Company Shares by Using the Centralized Bidding Trading Method, agreeing that the Company will use its own funds to repurchase, through the trading system of the Shanghai Stock Exchange, some of the Company’s issued shares of ordinary RMB-denominated shares (A shares) by centralized bidding. The repurchased shares will be wholly used for an employee shareholding plan or equity incentive. The repurchase price shall not exceed RMB 23.20 per share. The total amount of repurchase funds shall be no less than RMB 1.5 million (inclusive) and no more than RMB 3.0 million (inclusive). The repurchase period shall be within 12 months from the date on which the Board of Directors approves this repurchase plan.

For details, please refer to the Company’s Repurchase Report on Repurchasing Shares by Using the Centralized Bidding Trading Method (Announcement No.: 2025-023) disclosed on April 29, 2025 on the website of the Shanghai Stock Exchange (www.sse.com.cn).

II. Progress of the Share Repurchase

Pursuant to the relevant provisions of the Rules for the Repurchase of Shares of Listed Companies and Shanghai Stock Exchange Listed Company Self-Regulatory Guidance No. 7—Repurchase of Shares, during the share repurchase period, the Company shall announce, within the first three trading days of each month, the progress of the repurchase up to the end of the previous month. The Company hereby announces the progress of its share repurchase as follows:

As of March 31, 2026, the Company has cumulatively repurchased 85,700 shares of the Company through the Shanghai Stock Exchange’s trading system by centralized bidding, accounting for 0.1110% of the Company’s total share capital. The highest repurchase transaction price was RMB 22.54 per share, and the lowest price was RMB 19.75 per share. The total amount of funds paid was RMB 1,777,193.77 (excluding transaction expenses such as stamp duty and trading commissions).

This share repurchase complies with laws and regulations and the Company’s share repurchase plan.

III. Other Matters

The Company will strictly comply with the relevant provisions of the Rules for the Repurchase of Shares of Listed Companies, and Shanghai Stock Exchange Listed Company Self-Regulatory Guidance No. 7—Repurchase of Shares, and within the repurchase period, make repurchase decisions and implement them as appropriate based on market conditions. Meanwhile, it will promptly fulfill its information disclosure obligations according to the progress of the repurchase of shares. Investors are kindly requested to pay attention to investment risks.

This announcement is hereby issued.

Board of Directors of Suzhou Elong Technology Co., Ltd.

April 2, 2026

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