Shenzhen, China – October 24, 2025 – WiMi Hologram Cloud Inc. (NASDAQ: WIMI) ("WiMi" or the "Company"), a leading global provider of Hologram Augmented Reality ("AR") Technology, today issued a statement to clarify certain facts concerning its convertible debt and equity investments in its subsidiary, MicroAlgo Inc. (NASDAQ: MLGO) ("MicroAlgo"), emphasizing its commitment to long-term value creation and stable governance.

Key highlights from WiMi's investment history in MicroAlgo include:

October 2024 Convertible Note Purchase Agreement: WiMi invested up to $23 million in convertible notes. Tranches were issued converted as follows:

October 2024 Tranche 1: Issued $5 million principal; partially converted into 27,942,858 Class B shares at a nominal price of $0.07 per share. The effective as-adjusted price accounting for all subsequent consolidations is $42 per share.

December 2024 Tranche 2: Issued $10 million principal; partially converted into 10,000,000 Class B shares at a nominal price of $0.70 per share. The effective as-adjusted price accounting for the subsequent consolidation is $21 per share.

March 2025 Tranche 3: Issued $10 million principal; fully converted the remaining amounts from prior tranches plus the new issuance into 34,878,261 Class B shares at a nominal price of $0.46 per share. The effective as-adjusted price accounting for the subsequent consolidation is $13.8 per share.

June 2025 Convertible Note Purchase Agreement: WiMi invested $32.2 million in a convertible note, fully converted into 152,173,914 Class A shares at a nominal price of $0.23 per share. The effective as-adjusted price accounting for the subsequent consolidation is $6.9 per share.

Share Purchase

January 2024 Direct Share Purchase: WiMi acquired 8,000,000 shares at a nominal price of $0.50 per share for $4 million, increasing its stake to 61.92%. The effective as-adjusted price accounting for all subsequent consolidations is $3,000 per share.

To further demonstrate its dedication to MicroAlgo’s long-term value creation and stable governance, WiMi has committed to 10-year lock up agreements on all holdings of MicroAlgo, with no plans for sales or transfers.

About WIMI Hologram Cloud

WIMI Hologram Cloud, Inc. (NASDAQ:WIMI) is a holographic cloud comprehensive technical solution provider that focuses on professional areas including holographic AR automotive HUD software, 3D holographic pulse LiDAR, head-mounted light field holographic equipment, holographic semiconductor, holographic cloud software, holographic car navigation and others. Its services and holographic AR technologies include holographic AR automotive application, 3D holographic pulse LiDAR technology, holographic vision semiconductor technology, holographic software development, holographic AR advertising technology, holographic AR entertainment technology, holographic ARSDK payment, interactive holographic communication and other holographic AR technologies.

Safe Harbor Statements

This press release contains "forward-looking statements" within the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," and similar statements. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Among other things, the business outlook and quotations from management in this press release and the Company's strategic and operational plans contain forward−looking statements. The Company may also make written or oral forward−looking statements in its periodic reports to the US Securities and Exchange Commission ("SEC") on Forms 20−F and 6−K, in its annual report to shareholders, in press releases, and other written materials, and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. Several factors could cause actual results to differ materially from those contained in any forward−looking statement, including but not limited to the following: the Company's goals and strategies; the Company's future business development, financial condition, and results of operations; the expected growth of the AR holographic industry; and the Company's expectations regarding demand for and market acceptance of its products and services.

Further information regarding these and other risks is included in the Company's annual report on Form 20-F and the current report on Form 6-K and other documents filed with the SEC. All information provided in this press release is as of the date of this press release. The Company does not undertake any obligation to update any forward-looking statement except as required under applicable laws.

Contacts

WIMI Hologram Cloud Inc.

Email: pr@wimiar.com

TEL: 010-53384913