Tenglong Co., Ltd.: Adjusting the purpose of share repurchase, planning to launch an employee stock ownership plan and acquiring equity in a subsidiary.

Tenglong Co., Ltd. announced that the second meeting of its sixth board of directors reviewed several proposals. It agreed to change the use of the existing 5,300,004 repurchased shares from "maintaining company value and shareholder rights" to "implementing an employee stock ownership plan"; it proposed a draft for the second phase of the employee stock ownership plan and its management measures; it plans to seek authorization from the shareholder meeting for the board of directors to handle matters related to the employee stock ownership plan. These proposals will be submitted for review at the first extraordinary general meeting of shareholders in 2026. It also approved an adjustment to the estimated daily related party transactions for 2026; it agreed to have a subsidiary acquire 30% of the equity of its sub-subsidiary, Shenzhen Tengding Optoelectronics Technology Co., Ltd., for 0 yuan and fulfill its capital contribution obligation of 9 million yuan; it decided to hold the first extraordinary general meeting of shareholders in 2026 on August 27.