Andre Juice (02218) announced that their controlling shareholder Shandong Andre Group Co., Ltd. failed to timely notify relevant parties to terminate judicial enforcement after clearing debts, resulting in their approximately 4.0059 million unrestricted A-shares being frozen by judicial seizure in the Yantai Lin'an Trading Co., Ltd. (Lin'an Trading) securities account. In April 13, 2024, Andre Group and Lin'an Trading signed the "Agreement," with Lin'an Trading agreeing to cooperate with Andre Group within 60 days from the date of signing to take reasonable and feasible methods to transfer the subject shares back to Andre Group without compensation. Lin'an Trading also agreed to unconditionally entrust Andre Group with the voting rights of the subject shares before the transfer is completed, and other interests of the subject shares belong to Andre Group.

On June 13, 2024, the company was informed by Andre Group that, due to the inability of Andre Group and Lin'an Trading to transfer back the subject shares to Andre Group within the agreed period in the agreement, a "Supplementary Agreement" was signed after negotiation between both parties. Party A (i.e. Andre Group) and Party B (i.e. Lin'an Trading) agreed to cooperate to transfer the subject shares back to Party A without compensation through reasonable and feasible methods within 12 months from the date of signing this Supplementary Agreement, or to dispose of them according to Party A's written instructions and remit the proceeds to Party A's account. The arrangement of various rights concerning the subject shares is the same as that stipulated in the "Agreement" before the transfer or disposal of the subject shares is completed. This Supplementary Agreement is a complement to the "Agreement" signed by Party A and Party B on April 13, 2024. This Supplementary Agreement and the "Agreement" have equal legal effect, and the content inconsistent with the "Agreement" shall be subject to this Supplementary Agreement, while the content not stipulated in this Supplementary Agreement shall follow that of the "Agreement."

After the signing of the Supplementary Agreement, Andre Group still holds 54.65854 million shares of the company's equity, and the total shareholding of the controlling shareholder and its concerted parties is about 175 million shares, accounting for 50.26% of the total share capital of the company, which remains unchanged. The Supplementary Agreement signed by Andre Group and Lin'an Trading will not cause changes to the company's controlling shareholder and actual controller, nor affect the company's daily operations or corporate governance.