Lei Ao Group: Disclosure of progress and risk reminders for the repurchase of shares through centralized bidding for reduction.

Leo Corporation announced that on October 15, 2025, the company approved a proposal to reduce its repurchased shares by up to 135 million shares through centralized auction. The reduction period is within 6 months after 15 trading days from the announcement of the reduction plan. As of November 30, 2025, the company has not reduced its repurchased shares. The implementation of this reduction plan carries uncertain risks, and the company will decide whether to implement it based on market conditions, and will fulfill its disclosure obligations promptly, reminding investors to be aware of the risks.