Lanqi Technology: Intends to globally issue H shares for listing, granting 11.4 million shares to core executives.

Lanqi Technology announced that the 13th meeting of the third board of directors deliberated on multiple proposals. It approved the first public issuance of H shares and related arrangements for listing on the Hong Kong Stock Exchange, and authorized handling specific matters related to issuance and listing. Taking into account the actual situation, it agreed to revise the company's articles of association after the issuance and listing of H shares becomes effective. In addition, since the granting conditions have been fulfilled, the company will grant an additional 11.4 million restricted shares to 2 incentive objects at a price of 45.91 yuan per share on a date in 2025 as the grant date. Directors Yang Chonghe and Stephen Kuong - Io Tai abstained from voting.