On June 28, 2024, Pu'er Lancang Ancient Tea Co., Ltd. (Lancang Ancient Tea) conducted a capital reserve fund increase and share capital increase for shareholders, issuing 5 new shares for every 10 existing shares. This issuance involves 10,500,000 H shares and 31,500,000 domestic shares, leading to a 12.5% increase in the issued shares of H shares and a 37.5% increase in the issued shares of domestic shares. After the issuance, the total number of issued shares of H shares increased from 21,000,000 to 31,500,000, and the domestic shares increased from 63,000,000 to 94,500,000. The company confirms that the issuance of shares has been approved by the board of directors and complies with all applicable securities regulations, laws, and other regulatory requirements. After the issuance of shares, the company has received all funds and has fulfilled all prerequisites for listing qualifications.

On June 28, 2024, Pu'er Lancang Ancient Tea Co., Ltd. (Lancang Ancient Tea) conducted a capital reserve fund increase and share capital increase for shareholders, issuing 5 new shares for every 10 existing shares. This issuance involves 10,500,000 H shares and 31,500,000 domestic shares, leading to a 12.5% increase in the issued shares of H shares and a 37.5% increase in the issued shares of domestic shares. After the issuance, the total number of issued shares of H shares increased from 21,000,000 to 31,500,000, and the domestic shares increased from 63,000,000 to 94,500,000. The company confirms that the issuance of shares has been approved by the board of directors and complies with all applicable securities regulations, laws, and other regulatory requirements. After the issuance of shares, the company has received all funds and has fulfilled all prerequisites for listing qualifications.