Leisu Holdings Group Co., Ltd. Announcement of Resolutions of the 14th Meeting of the 7th Board of Directors
The Company and all members of the Board of Directors guarantee the authenticity, accuracy, and completeness of the announcement, and that there are no false records, misleading statements, or material omissions.
I. Meeting Notification, Convening, and Holding
The 14th meeting of the 7th Board of Directors of Leisu Holdings Group Co., Ltd. (hereinafter referred to as the "Company") (hereinafter referred to as the "Meeting") was held at 4:00 PM on April 30, 2026, in the Company's conference room on the 11th floor of Jianshe Technology Building, No. 62 Hubin South Road, Xiamen City. 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 28, 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 signed ballot to vote on the proposals, and the following resolutions were formed:
(1) The proposal on "Not Lowering the Conversion Price of 'Leisu Convertible Bonds'" was deliberated and passed; the voting result was: 9 votes in favor, 0 votes against, and 0 abstentions.
The Company's Board of Directors, after comprehensively considering the Company's basic situation, stock price trends, market environment, and other factors, as well as confidence in the Company's long-term stable development, and while safeguarding the interests of all shareholders, has decided not to lower the conversion price of "Leisu Convertible Bonds" this time. Starting from May 6, 2026, if the Company's stock price triggers the downward adjustment clause for the conversion price of "Leisu Convertible Bonds" again, the Company's Board of Directors will convene a meeting again to decide whether to exercise the right to lower the conversion price of "Leisu Convertible Bonds".