Resolution Announcement of the 11th Meeting of the 7th Board of Directors
The Board of Directors and all members of the Board of Directors guarantee the authenticity, accuracy, and completeness of the disclosed information, and that there are no false records, misleading statements, or major omissions.
I. Meeting Notification, Convening, and Holding
The 11th meeting of the 7th Board of Directors of Lezhi Holdings Group Co., Ltd. (hereinafter referred to as the "Company") (hereinafter referred to as the "Meeting") was held at 4:00 PM on April 9, 2026, in the company conference room on the 11th floor of Jianshe Technology Building, No. 62 Hubin South Road, Xiamen. The meeting was convened and presided over by Mr. Cai Yongtai, Chairman of the Company. The meeting notice was delivered to all directors and senior management personnel via OA email, email, and fax on April 7, 2026. Nine directors were eligible to attend, and nine directors were present. The convening and holding of this meeting comply with the relevant provisions of the "Company Law of the People's Republic of China" and the "Articles of Association."
II. Meeting Resolutions
The meeting adopted a vote by closed ballot to decide on the proposals, and the following resolutions were formed:
(I) The proposal "Proposal on Not Lowering the Conversion Price of 'Lezhi Convertible Bonds'" was reviewed and approved; the voting result was: 9 votes in favor, 0 votes against, and 0 abstentions.
The Board of Directors, comprehensively considering the Company's basic situation, stock price trend, market environment, and other factors, as well as confidence in the Company's long-term stable development, and taking into account the protection of the interests of all investors, the Board of Directors has decided not to lower the conversion price of "Lezhi Convertible Bonds" this time. Starting from April 10, 2026, if the Company's stock price triggers the downward adjustment clause of the "Lezhi Convertible Bonds" conversion price again, the Board of Directors will convene a meeting again to decide whether to exercise the right to lower the conversion price of "Lezhi Convertible Bonds."