Zhang Xiaoquan: Zhang Xiaoquan Group's restructuring investor recruitment announcement.

Announcement by Zhang Xiaoquan: On December 17, 2025, the company learned through the National Enterprise Bankruptcy Reorganization Case Information Network that Rich Spring Holdings Group Co., Ltd. and its affiliated companies have released the "Rich Spring Holdings and Its Affiliated Companies Merger Reorganization Case Zhang Xiaoquan Group Reorganization Investors Recruitment Announcement". The merger reorganization case manager of Rich Spring Holdings Group and its affiliated companies has initiated the recruitment of investors for the reorganization of the Zhang Xiaoquan Group based on the "Property Management Plan" approved by the first creditors' meeting and reviewed by the creditors' committee. Intending investors must pay a registration deposit of 10 million RMB to the manager when registering. Failure to pay the registration deposit on time will be considered as withdrawing the registration. The manager will review the registration materials and notify the registered investors of the review results via email. Those who pass the formal review will be considered as successfully registered; if there are missing or omitted registration materials, the manager will notify for correction and provide a 3-day correction period. After completing the registration, intending investors can conduct due diligence on the Zhang Xiaoquan Group either independently or through intermediary institutions. The costs of due diligence or site visits required by intending investors shall be borne by the intending investors themselves.