Saint Fountain Group: The Board of Directors proposes to downwardly revise the conversion price of "Saint Fountain Convertible Bonds".

Sanquan Group Announcement: From June 25, 2026 to July 22, 2026, the company has experienced a situation where the closing price has been lower than 85% of the current conversion price for fifteen trading days out of any thirty consecutive trading days, triggering the downward revision clause of the conversion price of "Sanquan Convertible Bonds". After deliberation and approval at the sixteenth meeting of the tenth board of directors of the company, the board of directors of the company proposed to downwardly revise the conversion price of "Sanquan Convertible Bonds". This downward revision of the conversion price of "Sanquan Convertible Bonds" still needs to be submitted to the company's shareholders' meeting for approval.