Liangxin Co., Ltd.: Change in the use of repurchased shares, for the implementation of an employee stock ownership plan and equity incentives.

LiXin Group Announcement: The company held the seventh meeting of the seventh board of directors on December 3, 2025, and approved the proposal "Regarding Changes in the Purpose of Repurchasing Shares." It is proposed to change the share repurchase plan approved at the twenty-fourth meeting of the sixth board of directors on September 3, 2024. The purpose of share repurchase will be changed from the original plan of "to maintain company value and shareholder rights, this share repurchase will be sold through centralized bidding trading" to "to implement an employee stock ownership plan and equity incentive."