Lancang Ancient Tea announced the withdrawal of the second ordinary resolution originally planned to be proposed at the extraordinary general meeting of shareholders held on August 7, 2024, which was intended to appoint Kaiyuan Xinde Certified Public Accountants Co., Ltd. as the company's auditor. This move is in response to the news release issued by the Accounting and Finance Reporting Bureau on August 2, 2024, which stated that Kaiyuan Xinde had failed to comply with the relevant reporting obligations and was banned by the Chinese Ministry of Finance from providing audit services to mainland companies listed overseas for five years. Lancang Ancient Tea will seek other suitable auditors and will make an announcement at the appropriate time. Other resolutions, except for the second resolution, will remain unchanged and will be voted on at the extraordinary general meeting of shareholders.

Lancang Ancient Tea announced the withdrawal of the second ordinary resolution originally planned to be proposed at the extraordinary general meeting of shareholders held on August 7, 2024, which was intended to appoint Kaiyuan Xinde Certified Public Accountants Co., Ltd. as the company's auditor. This move is in response to the news release issued by the Accounting and Finance Reporting Bureau on August 2, 2024, which stated that Kaiyuan Xinde had failed to comply with the relevant reporting obligations and was banned by the Chinese Ministry of Finance from providing audit services to mainland companies listed overseas for five years. Lancang Ancient Tea will seek other suitable auditors and will make an announcement at the appropriate time. Other resolutions, except for the second resolution, will remain unchanged and will be voted on at the extraordinary general meeting of shareholders.