Cogobuy : Unaudited Operation Summary of the Group for the Third Quarter of 2018

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited (the ''Stock Exchange'') take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

COGOBUY GROUP 科 通 芯 城 集 團

(a company incorporated under the laws of the Cayman Islands with limited liability)

(Stock Code: 400)

UNAUDITED OPERATION SUMMARY OF THE GROUP

FOR THE THIRD QUARTER OF 2018

This announcement sets out the unaudited operation summary of Cogobuy Group (''Cogobuy'' or the ''Company'') and its subsidiaries (the ''Group'') for the three months ended September 30, 2018, based on the Group's internal figures and management accounts of the Company, which have not been audited or reviewed by our external auditors. Shareholders and potential investors should therefore exercise caution when dealing in the shares of the Company.

This announcement is made in accordance with the requirements of Rule 13.09(2)(a) of the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited and Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

Cogobuy Group is pleased to announce that in the third quarter of 2018, its INGDAN.com artificial intelligence (''AI'') and internet of things (''IoT,''together, ''AIoT'') business service platform has expanded into new areas to prepare for business growth next year, and its integrated circuits (''IC'') components direct sales business remained relatively stable. For the third quarter of 2018, the Group recorded revenue of RMB1,085.1 million and the Company's Non-GAAP profit attributable to equity shareholders1 was RMB50.1 million.

In the fourth quarter of 2017, the Company set out to transform its corporate development strategy to an ''AIoT Business Service Platform + IC Component Trading Platform Dual Business Model'', primarily dealing in IC and AIoT, to best capture new opportunities arising from the manufacturing sector. The new AIoT Business Service Platform has three monetization strategies: (i) IC chip sales; (ii) development and sales of the Group's patented AI modules, and (iii) gains from incubating high-potential AIoT projects.

1 Net profit attributable to equity shareholders add share-based compensation costs, amortization of intangible assets and its related deferred taxation effect.

BUSINESS HIGHLIGHTS

Continuing to strengthen the AIoT industry chain position, the Company has notably increased cooperation with chip manufacturers in the third quarter of 2018. This has laid a good foundation for the Group's future development. Recently, the Company signed an agency agreement with Huawei's Hisilicon semiconductor, the largest semiconductor company in China, to focus on the areas of smart home, IoT, and security. This is expected to begin to drive strong business growth in the coming year.

In the smart home sector, INGDAN.com partnered with Beijing Unisound Information Technology Co., Ltd. to promote open source technology for all smart home electronics. Through the partnership, AIoT projects on INGDAN.com now benefit from shortened project development cycles, lower costs, and access to better developer talent.

Additionally, INGDAN.com has deepened its channel resources by cooperating with Suning Technology Group, to jointly build a new hardware innovation ecosystem. By combining the advantages of the leading AIoT enterprise service platform and the leading online-to-offline (''O2O'')

retail platform, and both companies' upstream and downstream resources, INGDAN.com's intelligent hardware projects now have access to vertically-integrated services including AI chip and module technology solutions, supply chain financing, and sales and distribution assistance, helping companies on INGDAN.com's platform realize industrial transformation.

With the growing prevalence of AI implementation across various industries, the Company also capitalized on a number of related, high-growth opportunities. INGDAN.com developed new business in target markets such as early education, drones, and smart cars, and its successfully incubated ''EZ

Robot'', is currently applying industrial robotics to the food processing industry.

OUTLOOK

Looking ahead to the fourth quarter, the Company expects its IC chip sales business to be gradually stabilized, while INGDAN.com will remain a growth driver for the Company. Going forward, INGDAN.com will use its customized AI solutions as an entryway to provide emerging industrial enterprises with supply chain resources and a full range of AIoT services and products. INGDAN.com also plans to become an AI technology company itself, specializing in edge computing and AI model training, while also expanding its service offerings in chip customization, hardware modules, technical support, software, supply chain finance, and system solutions. The Company will also continue to optimize its revenue structure and remain positioned to take advantage of new business opportunities resulting from national policies, laying a good foundation for business growth next year.

FORWARD-LOOKING STATEMENTS

Except for statements of fact relating to the Company, certain information contained herein constitutes forward-looking statements. Forward-looking statements are frequently characterized by words such as ''plan'', ''expect'', ''project'', ''intend'', ''believe'', ''anticipate'' and other similar words, or statements that certain events or conditions ''may'' or ''will'' occur. Forward-looking statements are based on the opinions and estimates of management at the dates the statements are made, and are subject to a varietyof risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include the Company's reference to historical data from the industry, past track records, revenue from the third quarter of 2018, expectations of sufficient liquidity and capital resources to meet the Company's ongoing obligations and future contractual commitments, the Company's ability to carry out its corporate development strategy, and other statements that are not historical facts. Except as required by law, the Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.

By Order of the Board

COGOBUY GROUP KANG Jingwei, Jeffrey Chairman and Executive Director

Hong Kong, November 30, 2018

As at the date of this announcement, the executive Directors of the Company are Mr. KANG Jingwei, Jeffrey, Mr. WU Lun Cheung Allen and Ms. NI Hong, Hope; and the independent non-executive Directors of the Company are Mr. YE Xin; Dr. MA, Qiyuan; and Mr. HAO, Chunyi, Charlie.