Trend of Fashion in Lishang Country: Terminate the Issuance of New Shares and Withdraw the Application Documents.

Lishang Guochao Announcement: The company held a Board of Directors and Supervisory Board meeting on July 11, 2025, and approved the resolution to terminate the issuance of stocks to specific individuals and withdraw the application documents. The company had originally planned to issue A-shares to its controlling shareholder, Zhejiang Yuanming Holdings Co., Ltd. However, due to the expiration of the resolution of the shareholders' meeting and the extension proposal not being approved by the shareholders' meeting, it was decided to terminate the issuance. The termination of this matter will not have a significant adverse impact on the company's normal business operations.