Duiba Group Limited disclosed that its controlling shareholder, Xiaoliang Holding Limited, signed a deed of gift on 20 September 2026 to transfer 120.68 million shares—equivalent to 11.21% of the company’s issued share capital—to Kewei Holding Limited, the group’s employee share-award platform, for nil consideration.

The reallocated shares are earmarked for current and future employee incentive schemes aimed at attracting and retaining talent, particularly for the company’s AI-related growth initiatives, including its AI short-drama business. Kewei Holding has committed to applying vesting and lock-up arrangements consistent with Duiba’s equity incentive management measures.

Following completion of the transfer: • Xiaoliang Holding’s stake will decrease to 333.87 million shares, or 31.01% of total shares, down from 42.21%. • Kewei Holding’s position will rise to 122.51 million shares, representing 11.38% of the share base, compared with 0.17% previously.

Despite the reduction, Xiaoliang Holding will remain Duiba’s controlling shareholder. Both Xiaoliang Holding and Kewei Holding have undertaken to fulfil all disclosure obligations under Hong Kong listing regulations.

The announcement was authorised by Duiba’s Board, chaired by Mr. Chen Xiaoliang, and dated 20 September 2026.