Xiamen G-bits Network Technology Co., Ltd.

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II. Basic information on related parties

1. Related natural person: Xu Chao

Relationship with the company: Xu Chao serves as the executive director and manager of Jixiang Equity, the company’s wholly owned subsidiary. Pursuant to a principle of prudence, the company considers Xu Chao himself and the entities directly or indirectly controlled by him as related parties.

2. Related legal entity: Xiamen Nuovi Qifeng Enterprise Management Partnership Enterprise (Limited Partnership)

Unified Social Credit Code: 91350203MA8UH3BU5F

Type: Limited partnership enterprise

Date of establishment: January 10, 2022

Registered capital: 3,000,000.00 yuan

Actual controller: Xu Chao

Primary place of business: Room D69, No. 379, Zengcuo’yan Community, Siming District, Xiamen

Relationship with the company: Because the actual controller of Nuovi Qifeng Management is Xu Chao, who also serves as the executive director and manager of Jixiang Equity, the company’s wholly owned subsidiary, pursuant to a principle of prudence, the company treats Nuovi Qifeng Management as a related party.

III. Basic information on the target fund

(I) Overview of the target fund

The Nuovi Qifeng fund was established on February 9, 2022, with its registered address in Xiamen, Fujian Province. The general partner in charge of day-to-day affairs is Nuovi Qifeng Management. The operating scope of the Nuovi Qifeng fund includes venture capital investment (limited to investments in unlisted enterprises). As of the date of this announcement, the Nuovi Qifeng fund has raised a total of 1,000.00 million yuan, all of which has been fully paid in.

(II) Key financial information of the target fund

As of December 31, 2025, the unaudited financial data of the Nuovi Qifeng fund are as follows: total assets of 90.6572 million yuan and net assets of 90.6571 million yuan; net profit for January to December 2025 of -9.189 million yuan.

(III) Each partner’s subscribed contribution before and after the capital reduction of the target fund

The partners’ subscription amounts before and after the capital reduction of the fund are as follows:

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Note: If there are any differences between the totals in the table and the sum of the individual breakdowns at the decimal places, such differences result from rounding.

(IV) Distribution of equity returns after the capital reduction of the target fund

After this capital reduction, the distribution ratios of equity returns among the partners have not changed. In the original profit distribution mechanism, the portion that calculates equity returns based on the “relative proportion of each partner’s cumulative paid-in capital at the time of obtaining equity investment returns” is changed to calculate based on the “proportion of each partner’s paid-in capital before the capital reduction.”

IV. Pricing of the related-party transaction

This capital reduction is calculated based on each partner’s paid-in capital proportion, and the actual refund amount is fair and reasonable. In addition, this capital reduction does not change the equity return distribution ratios among the partners, and there is no situation that harms the legitimate rights and interests of the company’s shareholders, especially the interests of small and medium-sized shareholders.

V. Approval procedures for this fund capital reduction and related-party transaction

(I) Review by independent directors

On March 25, 2026, the company convened the second meeting of the eleventh special meeting of the sixth session of independent directors, which considered and approved the “Proposal on Participating in the Capital Reduction of the Investment Fund and Related-Party Transaction.”

After review, all independent directors unanimously believe that: This transaction follows the principles of fairness, impartiality, voluntariness, and good faith. There is no conduct that uses related-party relationships to harm the interests of the listed company, nor is there any conduct that harms the company’s shareholders’ legitimate rights and interests—especially those of small and medium-sized shareholders—or that provides benefits to related parties. All independent directors agree to this fund capital reduction and related-party transaction and submit it to the company’s board of directors for consideration.

(II) Review by the Audit Committee

On March 25, 2026, the company convened the eleventh meeting of the Audit Committee of the sixth session of the board of directors, which considered and approved the “Proposal on Participating in the Capital Reduction of the Investment Fund and Related-Party Transaction,” and submitted it to the company’s board of directors for consideration.

(III) Review by the Board of Directors

On March 25, 2026, the company convened the eleventh meeting of the sixth session of the board of directors, which considered and approved the “Proposal on Participating in the Capital Reduction of the Investment Fund and Related-Party Transaction.”

Pursuant to the relevant provisions of the “Shanghai Stock Exchange Listing Rules,” as of the date of this announcement, the cumulative amount of related-party transactions between the company and Xu Chao and the entities directly or indirectly controlled by him that have not been submitted for review by the shareholders’ meeting, including this transaction within the past 12 months, is 8.1462 million yuan, which does not exceed 5% of the company’s most recent audited net assets. Therefore, this transaction does not need to be submitted for consideration by the company’s shareholders’ meeting.

VI. Impact of this fund capital reduction and related-party transaction on the company

The capital reduction matter of the Nuovi Qifeng fund still requires approvals/filings and subsequent procedures by relevant authorities, including the Xiamen Municipal Local Financial Supervision and Administration Bureau, the Xiamen Municipal Market Supervision Administration, and the Asset Management Association for the China Securities Investment Fund Industry, among other departments. There is uncertainty in the actual implementation. If the capital reduction is completed, the company and each partner will receive the capital reduction funds in accordance with their paid-in capital proportions. After the capital reduction, the company’s proportion in the Nuovi Qifeng fund’s distribution of returns will not change. This capital reduction does not involve any situation that harms the company or shareholders, especially small and medium-sized shareholders.

The company will closely monitor the subsequent progress of the Nuovi Qifeng fund, and will strictly fulfill its information disclosure obligations in a timely manner in accordance with the relevant laws and regulations. Investors are kindly requested to pay attention to investment risks.

VII. Documents for filing

“Resolution of the First Extraordinary Meeting of the Partners for 2026 of Xiamen Nuovi Qifeng Venture Capital Partnership Enterprise (Limited Partnership).”

This announcement is hereby given.

Board of Directors of Xiamen G.Bits Network Technology Co., Ltd.

March 27, 2026

Securities code: 603444 Securities short name: G.Bits Announcement No.: 2026-008

Xiamen G.Bits Network Technology Co., Ltd.

Notice of convening the

2025 Annual General Meeting of Shareholders

The board of directors of the Company and all directors hereby guarantee that the contents of this announcement do not contain any false records, misleading statements, or material omissions, and assume legal responsibility for the truthfulness, accuracy, and completeness of its contents.

Key highlights:

● Date of the shareholders’ meeting: April 16, 2026

● Network voting system adopted for this shareholders’ meeting: the network voting system for shareholders’ meetings of the Shanghai Stock Exchange

I. Basic information on convening the meeting

(I) Type and session of the shareholders’ meeting

2025 Annual General Meeting of Shareholders

(II) Convener of the shareholders’ meeting: the board of directors

(III) Voting method: The voting method adopted for this shareholders’ meeting is a combination of on-site voting and network voting

(IV) Date, time, and location for the on-site meeting

Date and time of convening: April 16, 2026 15:00

Location: Company meeting room, 17th floor, Building T2, Fangda Cheng, No. 2 Longzhu Fourth Road, Nanshan District, Shenzhen

(V) Network voting system, start and end dates, and voting time

Network voting system: the network voting system for shareholders’ meetings of the Shanghai Stock Exchange

Network voting start and end time: from April 16, 2026 to April 16, 2026

Voting times: Through the trading system voting platform of the Shanghai Stock Exchange, the voting time is the trading time session on the day the shareholders’ meeting is held, namely 9:15-9:25, 9:30-11:30, and 13:00-15:00; through the internet voting platform, the voting time is 9:15-15:00 on the day the shareholders’ meeting is held.

(VI) Voting procedures for margin trading and securities lending, refinancing and securities lending, repurchase-by-agreement, and Shanghai-Hong Kong Stock Connect investors

If the voting relates to accounts for margin trading and securities lending, refinancing and securities lending, repurchase-by-agreement business, and Shanghai-Hong Kong Stock Connect investors, the voting shall be carried out in accordance with relevant provisions, including the “Shanghai Stock Exchange Listing Company Self-Regulatory Guidance No. 1—Standardized Operation,” and other related regulations.

(VII) Matters involving the solicitation of voting rights from shareholders

Not applicable

II. Matters to be deliberated at the meeting

The proposals to be deliberated at this shareholders’ meeting and the types of voting shareholders

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This shareholders’ meeting will hear the annual duty performance report of the independent directors.

(I) Disclosure time and disclosure media for each proposal

The above proposals have been approved at the eleventh meeting of the sixth session of the board of directors of the company. For details, please refer to the relevant announcements disclosed on the Shanghai Stock Exchange website (www.sse.com.cn) and in the “China Securities Journal,” “Shanghai Securities News,” “Securities Times,” and “Securities Daily” on the same day. The materials for this shareholders’ meeting will be disclosed separately on the Shanghai Stock Exchange website (www.sse.com.cn) before the meeting is convened.

(II) Special resolution proposals: none

(III) Proposals for separate counting for small and medium investors: 2, 3, 5, 6, 7

(IV) Proposals involving avoidance of voting by related shareholders: none

Names of related shareholders that should avoid voting: none

(V) Proposals involving priority shareholders participating in voting: none

III. Voting attention matters for the shareholders’ meeting

(I) If shareholders of this Company exercise voting rights through the network voting system for shareholders’ meetings of the Shanghai Stock Exchange, they may either log in to the trading system voting platform (through the securities company trading terminal designated for their trades) to vote, or log in to the internet voting platform (URL: vote.sseinfo.com) to vote. When shareholders first log in to the internet voting platform to vote, they need to complete shareholder identity verification. For specific procedures, please refer to the instructions on the website of the internet voting platform.

(II) If the same voting right is voted on repeatedly through on-site voting, the Shanghai Stock Exchange network voting platform, or other methods, the result of the first vote shall prevail.

(III) Shareholders who hold multiple shareholders’ accounts: the number of voting rights they may exercise equals the total number of ordinary shares of the same class and preferred shares of the same type held across all shareholders’ accounts under their names.

Shareholders who hold multiple shareholders’ accounts and participate in the network voting for the shareholders’ meeting through the Shanghai Stock Exchange network voting system may participate through any one of their shareholders’ accounts. After voting, it is deemed that the voting tickets with the same opinion have been cast separately for the ordinary shares of the same class and the preferred shares of the same type under all of their shareholders’ accounts.

Shareholders who hold multiple shareholders’ accounts and vote repeatedly through multiple shareholders’ accounts: the voting opinions regarding the ordinary shares of the same class and the preferred shares of the same type under all of their shareholders’ accounts shall each be determined by the first voting result for each class and each type.

(IV) Only after shareholders have voted on all proposals may they submit their votes.

IV. Persons attending the meeting

(I) Shareholders registered with China Securities Depository and Clearing Co., Ltd. Shanghai Branch as of the close of business on the afternoon of the equity record date shall have the right to attend the shareholders’ meeting (for details, see the table below), and may also appoint an agent to attend the meeting and participate in voting by written authorization. The agent does not need to be a shareholder of the Company.

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(II) Directors and senior management personnel of the Company.

(III) Lawyers engaged by the Company.

(IV) Other personnel.

V. Registration methods for the meeting

(I) Registration procedures for participating in the on-site meeting

1. Individual shareholders should present their own identity card and securities account information; if an individual shareholder appoints another person to attend the meeting, the person appointed should present their own identity card, a copy of the appointing person’s identity card, the authorization letter (see appendix), and the appointing person’s securities account information.

2. For legal person shareholders attending the meeting, they should present the identity card of the legal representative, the legal representative identity certificate, a copy of the business license of the legal person shareholder, and securities account information. If a legal person shareholder appoints an agent to attend the meeting, the agent should also present their own identity card and a written proxy letter legally issued by the legal person shareholder.

3. For qualified foreign institutional investors (QFII) or RMB qualified foreign institutional investors (RQFII) attending the meeting, they should provide copies of the business license issued by the China Securities Regulatory Commission for QFII or RQFII, the authorization letter, shareholders’ account information, and copies of the trustee’s identity certificate.

4. Shareholders attending the on-site meeting may also use email registration.

(II) Registration location: 17th floor, Building T2, Fangda Cheng, No. 2 Longzhu Fourth Road, Nanshan District, Shenzhen

(III) Registration time: April 14, 2026 (9:00-18:00)

VI. Other matters

(I) Contacts: Liang Lili, Cai Luxi

Telephone: 0592-3213580

Fax: 0592-3213013

Contact email: ir@g-bits.com

Contact address: 17th floor, Building T2, Fangda Cheng, No. 2 Longzhu Fourth Road, Nanshan District, Shenzhen

Postal code: 518073

(II) The on-site meeting will last for half a day. Transportation and accommodation expenses for shareholders attending the on-site meeting shall be borne by the attending shareholders themselves.

(III) Shareholders and shareholder representatives attending the on-site meeting should arrive at the meeting location within the first half hour before the start of the meeting and present identity documents, securities account number and shareholding information, and authorization letters, etc., so as to complete check-in and entry.

This announcement is hereby given.

Board of Directors of Xiamen G.Bits Network Technology Co., Ltd.

March 27, 2026

Xiamen G.Bits Network Technology Co., Ltd.

Authorization Letter for the 2025 Annual General Meeting of Shareholders

Xiamen G.Bits Network Technology Co., Ltd.:

I/We hereby authorize Mr./Ms. [name] to represent this entity (or myself) to attend the Company’s 2025 Annual General Meeting of Shareholders to be held on April 16, 2026, and to exercise voting rights on our behalf. The authorization period shall be from the date on which this authorization letter is signed until the conclusion of the Company’s 2025 Annual General Meeting of Shareholders.

Number of ordinary shares held by the appointing party: [ ] shares

Appointing party shareholders’ account number:

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Signature of the appointing party (and affix company seal if applicable):

Identity card number of the appointing party / Business license number:

Signature of the authorized representative:

Identity card number of the authorized representative:

Date of authorization: [year] [month] [day]

Remarks:

The appointing party shall, within the “agree, against, or abstain” intention in the authorization letter, select one option and mark it with a “√.” If the appointing party does not give specific instructions in this authorization letter, the authorized representative shall have the right to vote according to his/her own wishes.

Securities code: 603444 Securities short name: G.Bits

Xiamen G.Bits Network Technology Co., Ltd.

Summary of the 2025 Sustainability Report

Section I. Important notes

1. This summary is derived from the full text of the “2025 Sustainability Report of Xiamen G.Bits Network Technology Co., Ltd.”. To fully understand the related impacts, risks, and opportunities of environmental, social and governance issues, as well as the Company’s sustainability strategy and other related matters, investors should read the full text of the report carefully at www.sse.com.cn.

2. This sustainability report has been reviewed and approved by the Company’s board of directors.

Section II. Basic information of the report

1. Basic information

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2. Sustainability governance system

(1) Whether a governance body responsible for managing and supervising sustainability-related impacts, risks, and opportunities has been set up:

√ Yes, the name of this governance body is the Strategic Committee of the Board of Directors □ No

(2) Whether an internal reporting mechanism for sustainability information has been established:

√ Yes, the reporting method and frequency are annually □ No

(3) Whether a sustainability oversight mechanism has been established, such as internal control systems, oversight procedures, oversight measures, and performance assessment, etc.:

√ Yes, the relevant systems or measures are measures such as conducting internal audit and compliance inspections □ No

3. Communication with stakeholders

Does the Company carry out communication with stakeholders through interviews, symposiums, surveys, etc. and disclose the results:

√ Yes □ No

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4. Results of the dual materiality assessment

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Note: The Company engages in the R&D and operation of online games. Its environmental impacts mainly come from the consumption of energy and resources and emissions during operations. The business model does not involve production and manufacturing. It does not involve the discharge of industrial pollutants such as wastewater, exhaust gas, or solid waste residues; therefore, it does not involve the “pollutant emissions” issue (one of the issues specified in the “Shanghai Stock Exchange Listing Company Self-Regulatory Guidance No. 14—Sustainability Report (Trial)”).

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