Eighth Announcement on Put Option for "Lezhi Convertible Bonds"

Lezhi Group

002398.sz www.lets.com

Eighth Announcement on Put Option for "Lezhi Convertible Bonds"

Stock Code: 002398

Bond Code: 127062

Stock Abbreviation: Lezhi Group

Bond Abbreviation: Lezhi Convertible Bonds

Announcement No.: 2026-060

Lezhi Holdings Group Co., Ltd.

The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the announcement content, and there are no false records, misleading statements, or major omissions.

Important Information Prompt:

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: Exercising the put option is equivalent to selling the held "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 option price. Exercising the put option may result in losses. Investors are advised to pay attention to the risks.

Lezhi Holdings Group Co., Ltd. (hereinafter referred to as the "Company") stock's closing price for thirty consecutive trading days from April 21, 2026, to June 4, 2026, was lower than 70% of the current conversion price of "Lezhi Convertible Bonds." Furthermore, "Lezhi Convertible Bonds" are in their last two interest-accruing periods. According to the relevant provisions of the "Prospectus for the Public Offering 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 announcement is made 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-accruing periods of the convertible corporate bonds issued, if the Company's stock closing price for any thirty consecutive trading days is lower than 70% of the current conversion price, 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 issuance, capital reserve increase, new share issuance (excluding shares increased due to conversion of convertible corporate bonds), rights issues, or cash dividend distribution during the aforementioned 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 starting from the first trading day after the conversion price adjustment.

Holders of convertible corporate bonds can exercise the put option once per interest-accruing period in