The trustee appointed to manage the H-share restricted share unit plan has purchased a total of 1.2 million H-shares in the market.

The trustee acquired 500,000 H-shares on the open market on June 18, 2026. Subsequently, from June 22 to June 24, 2026, the trustee purchased an additional 700,000 H-shares. This brings the total purchases from June 18 to the date of the announcement to 1.2 million H-shares.

The company's board of directors believes the current market price of the company's H-shares is undervalued and fails to fully reflect the long-term value and growth potential of the group as a leading AI full-stack cloud platform in China. They view this as a favorable opportunity to acquire shares for future awards under the plan.

PHANCY (06682) expressed strong confidence in the group's long-term development prospects. The company stated that the plan serves not only as an effective tool for retaining and attracting top talent but also deeply integrates talent cultivation with the creation of long-term shareholder value by incentivizing the core team. This is expected to provide sustained, powerful momentum for the group to maintain its industry-leading position in the AI 2.0 era.