Qingdao AInnovation Technology Group Co., Ltd. received on 26 July 2022 the written resignation tendered by Mr. Zhou Wei, a non-executive director of the Company. Due to personal work arrangement, Mr. Zhou Wei applied to resign as a non-executive director of the Company and a member of the Remuneration Committee of the Board, with effect from the date of this announcement. In accordance with Article 102 of the Company's Articles of Association (the "Articles of Association"), the Board shall consist of seven directors.

After the resignation of Mr. Zhou Wei became effective, the Board consists of six members. Therefore, the Company has failed to comply with Article 102 of the Articles of Association mentioned above as a result of the resignation of Mr. Zhou Wei, but which has not caused the Board to fall below the minimum quorum of five as set out in the Company Law of the People's Republic of China and will not affect the regular operation of the Board in accordance with the law.