Highlights of the Interim Results for the Six Months Ended June 30, 2022:

• The expanding scope of 5G-enabled chip applications has generated strong demand for chips, especially for the industrial chip market, which kept the Group's chip business growing. During the Period, total revenue reached RMB4,702.4 million, representing a year-on-year increase of 19.7%.
• In the first half of 2022, net profit increased by 22.9% year-on-year to RMB211.9 million, and profit attributable to equity shareholders of the Company was approximately RMB131.7 million, a year-on-year increase of 19.2%.
• The Shenzhen Stock Exchange confirmed Comtech's application for A Share Listing on the ChiNext Board, which will enable the Group to further expand the domestic capital and chip market.
• During the Period, more than 10 Chinese and foreign banks granted credit facilities to Comtech, including Bank of China Limited, Shenzhen Branch, which help accelerate the development of the Group's chip business.
• The Group entered into a strategic technology partnership with Chinasoft International to launch an "OpenHarmony +" solutions platform, which introduces OpenHarmony into the ten billion-dollar intelligent hardware market.

HONG KONG SAR - Media OutReach - 31 August 2022 - Ingdan, Inc. ("Ingdan,Inc." or the "Company", stock code: 400.HK; with its subsidiaries (the ''Group'')), formerly known as "Cogobuy Group", a technology service company focusing on serving global chip industry and artificial intelligence ("AI") and internet of things ("IoT", together "AIoT") ecosystem, with its core businesses "Comtech" and "Ingdan", is pleased to announce its unaudited interim results for the six months ended June 30, 2022 ("the first half of 2022" or the "Period"). Financial Highlights of the First Half of 2022 Extensive application of 5G technology has enabled the digital transformation of many industries, which has further increased the demand for chips. Driven by the rapid development of "new economy" industries such as EV, New Energy, and Digital Infrastructure, demand for industrial chips was particularly strong and offset the pressure from declining demand for consumer electronics chips. Industrial chip demand continued to accelerate the growth of chip business, and drove the overall performance of the Group. The Group serves the "Chips-Devices-Cloud" ecosystem along the AIoT industrial chain, covering the smart fields of various industries, and brings in sustainable business revenue. As of June 30, 2022, the Group's net profit was approximately RMB211.9 million, a YoY increase of 22.9%; revenue was approximately RMB4,702.4 million, a YoY increase of 19.7%, of which the revenue of Comtech was RMB4,092.8 million, a YoY increase of 25.7%; gross profit was approximately RMB424.4 million, a YoY increase of 23.2 %. During the Period, the Group's profit attributable to equity shareholders of the Company was RMB131.7 million, a significant YoY increase of 19.2%. The Company's cash and bank balances (including short-term bank deposits and pledged deposits) was RMB988.6 million. The Group's bank loans were RMB811.0 million. The basic common shares outstanding were 1,401,077,732, and the weighted average number of ordinary shares for the purpose of diluted earnings per share were 1,397,130,000. Comtech's Chip Business Maintains Growth Momentum The chip market continues to expand rapidly. IC Insights, Inc. expects total global chip sales to increase by 11% in 2022 to a record US$567.1 billion, with growth in chip demand remaining strong.[1] During the Period, despite lower-than-expected demand for consumer electronics chips, the rapid expansion of New Energy, V2X, and Battery Management System (BMS) markets strengthened the demand for industrial chips in the first half of the year, driving growth in Comtech's chips business. Comtech, a technology services platform for the chip industry, focuses on the application design and distribution of IC chips, while maintaining connections with over 50% of global high-end chip suppliers and many leading domestic chip companies, allowing it to serve over a hundred global high-end chip suppliers upstream, and tens of thousands of electronics manufacturing enterprises downstream. With the popularization of 5G and the support of national policies, the demand for chips will continue to rise, helping the chip business maintain its steady growth trend. Confirmed A Share Listing Application for Comtech The Company obtained approval from The Hong Kong Stock Exchange Limited for the spin-off and separate listing of Comtech on A shares in Mainland China in 2021. During the Period, the Company officially changed its name from "Cogobuy Group" to "Ingdan, Inc.", so as to give investors a clearer understanding of the main businesses of "Comtech" and "Ingdan, Inc.". Moreover, Comtech also received confirmation from the Shenzhen Stock Exchange on June 30, 2022, regarding its application for A Share...