SHANGHAI XNG (03666) terminates the subscription agreement.

Shanghai Xiaonanguo (03666) announced that on February 27, 2026 (after trading hours), the company and the placing agent have agreed to terminate the placement agreement in accordance with the terms of the agreement. After the termination of the placement agreement, all obligations under the agreement will be terminated and released, and parties shall not make any claims against each other for any matters or events arising from or related to the placement agreement, except for any prior breaches of obligations under the placement agreement.