Luhua Technology: Draft of the reorganization plan of the former controlling subsidiary company approved by creditors' meeting.

Luhua Technology announced that its former controlling subsidiary, Pingyuan Chemical, held the second creditors' meeting for bankruptcy reorganization on January 22, 2026, to review and vote on the draft reorganization plan of Yangmei Pingyuan Chemical Co., Ltd. The total number of creditors attending the meeting was 307, with a total amount of claims of 1.497 billion RMB. 293 creditors attended the meeting, accounting for 95.44%, representing a total of 1.496 billion RMB, accounting for 99.90%; 3 contributing parties attended, representing a total contribution amount of 560 million RMB, accounting for 100%. Both creditors' groups and contributing parties voted in favor of the reorganization plan. However, although the draft has been approved, the court has not yet ruled for approval, and the company will continue to monitor the progress and disclose information.