Fashionable country tide: controlling shareholder Yuanming Holdings obtains a loan of 100 million yuan to increase its holdings in the company.

Announcement from Lishang Guochao: The controlling shareholder Zhejiang Yuanming Holdings Co., Ltd. plans to increase its shareholding in the company through centralized bidding on the Shanghai Stock Exchange within 12 months from the date of this announcement. The amount of the increase shall be no less than 1% of the total share capital, which is 7.6134 million shares, and shall not exceed 2% of the total share capital, which is 15.2267 million shares. Yuanming Holdings has obtained a commitment letter from Industrial and Commercial Bank of China Zhejiang Branch for a special loan project to increase its shareholding in the company. The loan amount is not more than 100 million RMB, with a term of 3 years, and can only be used for increasing the company's shares.