LANCANG TEA(06911): Intends to dispose of 3.9149% shares of Lancang Rural Commercial Bank. The final disposal method has not yet been determined.

LANCANG TEA (06911) announced that the company has recently received a notification from Yunnan Lancang Rural Commercial Bank Co., Ltd. (Lancang Rural Commercial Bank) that the local government of Yunnan Province plans to consolidate various rural credit cooperatives within the province to establish Yunnan Rural Commercial Bank Co., Ltd. (Yunnan Rural Commercial Bank) through a new merger. Therefore, disposal of the original shares of Lancang Rural Commercial Bank is required. According to the disposal plan provided by Lancang Rural Commercial Bank, the methods of disposal of the original shares include conversion, transfer, return of shares, and withdrawal. As of the date of this announcement, the company holds 3.9149% of the shares of Lancang Rural Commercial Bank (target shares). According to applicable regulatory requirements and information provided by Lancang Rural Commercial Bank, the company currently does not meet the qualifications for shareholders of Yunnan Rural Commercial Bank, and therefore cannot convert the target shares into shares of Yunnan Rural Commercial Bank. The company is currently evaluating feasible options such as transfer, return of shares, and withdrawal, and intends to choose one of these methods to dispose of the target shares (disposal matters). The Board of Directors of the company has approved the disposal matters on June 11, 2026, and has authorized the management to determine the transaction price (not less than the fair value of the target shares as of December 31, 2025), method, timing, counterparty, negotiate and sign relevant agreements, handle delivery, transfer, receipt of funds, taxes, and other procedures in compliance with applicable regulatory requirements (including but not limited to listing rules and other relevant securities regulations in Hong Kong). Based on the information available to the company currently, if the disposal matters are implemented, it is expected to constitute a disclosure transaction under Chapter 14 of the Listing Rules, and the company will issue a separate announcement in accordance with the Listing Rules in due course (if applicable). As of the date of this announcement, the company has not yet determined the final disposal method, the final counterparty (if applicable), and specific terms of the transaction, nor has it signed any legally binding transaction agreements.