Li Qin Resources clarifies that the initial shareholders reduced their holdings: It is the platform for employees holding H shares to reduce their holdings.

On August 4th at noon, Likin Resources announced on the Hong Kong Stock Exchange that, in order to avoid any possible confusion among the company's shareholders and potential investors, the company had verified with Ms. Fei Feng and clarified based on her response. The reduction in holdings refers to the H shares held by the company's employee shareholding platform in accordance with its partnership agreement and related stock incentive plan terms. Ms. Fei, as a general partner of the employee shareholding platform, has submitted an equity disclosure form regarding the reduction in holdings leading to a decrease in equivalent rights. The reduction in holdings is not related to Ms. Fei's direct holdings, and her rights as a beneficial owner remain unchanged. As of the date of this announcement, Ms. Fei continues to directly hold 7,804,500 A shares of the company. As one of the original shareholders of the company, Ms. Fei firmly supports the company's business development, maintains full confidence in the company's prospects, and fully trusts the company's management.