SHENZHEN, March 24, 2025 — MicroAlgo Inc. plans to issue additional new shares at an offering price of $0.8 per share.

Shenzhen, China, March 24, 2025 – MicroAlgo Inc. (NASDAQ: MLGO) announced its plan today to issue additional new shares. This decision follows a convertible bond purchase agreement the company entered into with creditors on October 7, 2024, for a total of US$20 million. These bonds mature in 360 days and can be converted into common shares at a price equal to 70% of the lowest closing market price in the 60 trading days before the conversion request.
MicroAlgo Inc. has received a request from creditors under the US$20 million convertible bond purchase agreement to issue new shares at $0.8 per share to settle the debt, as per the agreement’s terms. The company intends to comply with the relevant clauses of this agreement and will issue new shares at $0.8 per share for debt repayment.
This announcement is a risk disclosure, consistent with the Form 6-K filing submitted to the U.S. Securities and Exchange Commission (SEC) on October 9, 2024.

About MicroAlgo Inc.
MicroAlgo Inc., an exempted company based in the Cayman Islands, focuses on developing and applying customized central processing algorithms. By integrating these algorithms with software and/or hardware, MicroAlgo offers comprehensive solutions that help clients expand their customer base, improve end-user satisfaction, achieve direct cost reductions, lower power consumption, and meet technical objectives. MicroAlgo’s services include algorithm optimization, accelerating computing power without hardware upgrades, lightweight data processing, and data intelligence. The company’s ability to efficiently optimize software and hardware through tailored central processing algorithms is a key driver for its long-term growth.

Forward-Looking Statements
This press release includes statements that are considered “forward-looking statements,” which are subject to various conditions, many of which MicroAlgo cannot control. These conditions are detailed in the Risk Factors section of MicroAlgo’s periodic reports on Forms 10-K and 8-K filed with the SEC and available on the SEC’s website. Terms like “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are used to identify these forward-looking statements. These statements include, but are not limited to, MicroAlgo’s expectations regarding future performance and the anticipated financial impacts of the business transaction.
MicroAlgo is not obligated to update these statements for revisions or changes after the date of this release, except as required by law.

Contact
MicroAlgo Inc.
Investor Relations
Email: ir@microalgor.com