Progress Announcement on the Sale of Equity in Associated Companies and Properties of Subsidiaries

Lingnan Ecological Culture and Tourism Co., Ltd. (hereinafter referred to as "the Company") disclosed the announcement titled "Announcement on the Proposed Sale of Equity in Associated Companies" (Announcement No.: 2025-150) on December 20, 2025. The Company held 12.163 million shares of Micro Communication (Beijing) Network Technology Co., Ltd. (hereinafter referred to as "Micro Communication"), which were sold through a judicial auction on the Taobao judicial auction network platform from 10:00 on December 25, 2025, to 16:01 on February 17, 2026. On December 31, 2025, the Company disclosed the "Notice on the Proposed Sale of Certain Properties of Subsidiaries" (Announcement No.: 2025-157), indicating that certain properties of its subsidiary, Lingnan Design Group Co., Ltd. (hereinafter referred to as "Lingnan Design"), located at 16A and 16B, Times Financial Center, west of Yitian Road and south of Shennan Avenue, Futian District, Shenzhen, would be sold through a judicial auction on the JD judicial auction network platform from 10:00 on January 13, 2026, to 10:59 on February 25, 2026.