Sixth Announcement on Put Option for "Lezhi Convertible Bonds"

Lezhi Group

002398.sz www.lets.com

Sixth Announcement on Put Option for "Lezhi Convertible Bonds"

Securities Code: 002398

Bond Code: 127062

Securities Abbreviation: Lezhi Group

Bond Abbreviation: Lezhi Convertible Bonds

Announcement No.: 2026-058

Lezhi Holdings Group Co., Ltd.

The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed in this announcement, and that there are no false records, misleading statements, or material omissions.

Key Information Reminder:

1. Put Option Price: RMB 100.285 per bond (including current accrued interest and taxes)

2. Put Option Application Period: June 12, 2026 to June 18, 2026

3. Issuer Fund Arrival Date: June 23, 2026

4. Put Payment Transfer Date: June 24, 2026

5. Investor Put Payment Arrival Date: June 25, 2026

6. "Lezhi Convertible Bonds" will be suspended from conversion during the put option application period.

7. This put option is not mandatory; holders of "Lezhi Convertible Bonds" have the right to choose whether to exercise the put option.

8. Risk Warning: Investors choosing to exercise the put option are equivalent to selling their "Lezhi Convertible Bonds" at RMB 100.285 per bond (including interest and taxes). As of now, the closing price of "Lezhi Convertible Bonds" is higher than the current put price. Investors choosing to exercise the put option may incur losses. Investors are kindly requested to pay attention to the risks.

Lezhi Holdings Group Co., Ltd. (hereinafter referred to as the "Company") announced that from April 21, 2026, to June 4, 2026, the closing price of the Company's stock was lower than 70% of the current conversion price of "Lezhi Convertible Bonds" for thirty consecutive trading days, and "Lezhi Convertible Bonds" is in its last two interest-bearing periods. According to the relevant provisions of the "Prospectus for the Public Issuance of Convertible Corporate Bonds of Lezhi Holdings Group Co., Ltd." (hereinafter referred to as the "Prospectus"), the "Conditional Put Option Clause" of "Lezhi Convertible Bonds" has taken effect. The following is an announcement to all holders of "Lezhi Convertible Bonds" regarding the put option:

I. Put Option Clause and Price

(I) Conditional Put Option Clause

In the last two interest-bearing periods of the convertible corporate bonds issued this time, if the closing price of the company's stock is lower than 70% of the current conversion price for any thirty consecutive trading days, holders of convertible corporate bonds have the right to put all or part of their convertible corporate bonds back to the company at face value plus accrued interest. If there have been adjustments to the conversion price due to events such as bonus share issues, capital reserve increases, new share issues (excluding shares increased due to conversion of convertible bonds issued this time), rights issues, or cash dividend distributions during the relevant trading days, the calculation will be based on the conversion price and closing price before the adjustment for trading days before the adjustment, and the conversion price and closing price after the adjustment for trading days after the adjustment. If the conversion price is adjusted downwards, the "thirty consecutive trading days" will be recalculated from the first trading day after the adjustment of the conversion price.