Lanzhou Minbai Shareholding Group Co Ltd

Lishang Guochao announced that the lock-up period for the initial transfer portion of its 2025 employee stock ownership plan expired on July 28, 2026. In conjunction with the 2025 annual performance assessment, the unlocking conditions for the lock-up period have been met. The number of shares eligible for unlocking this time is 7.39 million shares, representing 0.97% of the company's total share capital and 100% of the total shares held under the 2025 employee stock ownership plan. The draft of this employee stock ownership plan was disclosed on May 22, 2025. On July 25, 2025, 7.39 million treasury shares from the company's special repurchase securities account were transferred to the special account of the employee stock ownership plan through non-trade transfer, at a transfer price of 2.67 yuan per share. As of the disclosure date of this announcement, the securities account of the employee stock ownership plan holds 7.39 million shares of the company, accounting for approximately 0.97% of the total share capital.