Response from Moore Threads and intermediary agencies to the first round of review inquiries.

The "Inquiry Letter on the Application for Initial Public Offering of Shares and Listing on the Sci-tech Innovation Board of Moer Thread Smart Technology Co., Ltd." issued by the Shanghai Stock Exchange on July 17, 2025 has been received. Moer Thread, the sponsor institution Citic Securities, the lawyer of Jingtian Gongcheng Law Firm, and the accountant of Ernst & Young have conducted research and implementation on the relevant issues in the inquiry letter, and are now responding to the inquiry questions. In the response, it is mentioned that during the reporting period, the repurchase rate of the issuer's graphic acceleration products is relatively high, such as the S3000 and S50 products which have shown good repurchase performance. The repurchase rate of AI smart products is in the growth stage, and cluster customers have expressed their willingness to test the issuer's new generation products. The company expects that the order level can better reflect the company's performance expectations. As of the date of this reply, the company expects the order amount to be approximately 20 billion yuan, with a significant proportion of the order amount expected to come from AI smart business income in 2025 and 2026, and revenue from intelligent SOC, professional graphic acceleration, and desktop graphic acceleration businesses expected to be realized in 2025. In the field of AI smart calculation, the projects that the company is currently negotiating are all large-scale cluster projects, with the core being the Pinghu series of cards. The projects have obtained procurement intentions and completed partial product delivery in the first half of 2025, with completed product testing or phase evaluations, and the realizability of the orders is relatively high.