Lishangguochao: Received administrative supervision measures decision from the Gansu Securities Regulatory Bureau

Announcement of Lanzhou Lishangguochao: The company received the "Decision on Ordering Corrective Measures for Lanzhou Lishangguochao Industrial Group Co., Ltd. and Ye Mao, Wu Xiaobo" issued by the Gansu Securities Regulatory Bureau on December 5, 2025. Upon investigation, it was found that some personnel of the company's indirect controlling shareholder, Lishui Economic and Technological Development Zone Industrial Development Group Co., Ltd., opened accounts in the company's OA system and exceeded their authority to participate in the approval of the daily management of the listed company, in violation of the relevant provisions of the "Listed Company Governance Guidelines". The Gansu Securities Regulatory Bureau has decided to impose administrative supervision measures requiring the company, Ye Mao, and Wu Xiaobo to take corrective actions, and to record this in the integrity files of the securities and futures market.