Announcement on the Listing of Shares Issued by Lisheng Sports (Shanghai) Co., Ltd. to Specific Objects

Special Notice

1. Issued Share Quantity and Price

   1. Number of shares issued: 22,758,620 shares
   2. Issue price: 14.50 RMB/share
   3. Total amount raised: 329,999,990.00 RMB
   4. Net amount raised: 319,793,386.28 RMB
   5. Total shares before issuance: 163,919,838 shares
   6. Total shares after issuance: 186,678,458 shares
   7. Number of shares not tradable this time: 0 shares

2. New Shares Listing Arrangement

   1. Expected listing date: April 29, 2026
   2. Number of shares to be listed: 22,758,620 shares
   3. Listing location: This issuance is planned to be listed on the Shenzhen Stock Exchange; the shares will not be subject to restrictions on trading.

3. Restrictions on Sale of Shares
   The shares issued in this offering cannot be transferred within six months from the date of completion of the A-share issuance.

4. This announcement is made by the company, and the company will not bear any responsibility for any consequences arising from the listing conditions not being met.

Table of Contents

1. Announcement by the Board of Directors, Senior Management Statement
2. Special Notice
3. Table of Contents
4. Definition
5. Company Basic Information
6. This New Share Issuance Situation
7. Issuance Time
8. Issuance Method
9. Issuance Quantity
10. Issuance Price
11. Fundraising Situation
12. Fundraising and Investment Situation
13. New Shares Registration Situation
14. Restrictions on Sale of Shares
15. Issuance Process
16. Other Important Matters
17. Review Documents