Hongdou Co., Ltd.: Intends to renew the financial service agreement with a financial company and gradually reduce business dealings.

Red Bean Co., Ltd. announced that the company plans to renew the "Financial Services Agreement" with Red Bean Group Finance Limited. The company's maximum deposit balance in the financial company shall not exceed 275 million yuan, and the financial company shall provide the company with a comprehensive credit line of 300 million yuan. This transaction constitutes a related party transaction and requires approval from the shareholders' meeting. To reduce risks, the company has assessed the risks of the financial company and formulated a disposal plan. Based on business development, the company will settle the outstanding balance with the financial company by November 30, 2026, and will no longer engage in related party transactions with the financial company thereafter.