Lao Fengxiang Co., Ltd. Announcement on the Progress of Investment and Establishment of Lao Fengxiang (Hunan) Jewelry Co., Ltd. by Controlling Subsidiary

Stock abbreviation: Lao Feng Xiang
Stock code: 600612
Number: Lin2026-007

Lao Feng Xiang B 900905

Lao Feng Xiang Co., Ltd.

Progress Announcement on Investment and Establishment of Lao Feng Xiang (Hunan) Jewelry Co., Ltd. by Controlling Subsidiary

The company’s board of directors and all directors guarantee that the content of this announcement is free of any false records, misleading statements, or major omissions, and assume legal responsibility for its truthfulness, accuracy, and completeness.

1. Basic Information

Lao Feng Xiang Co., Ltd. (hereinafter referred to as “the Company”) held the 22nd (interim) meeting of the 11th Board of Directors on January 23, 2026, and approved the proposal on “The Controlling Subsidiary’s Proposed Investment in Establishing Lao Feng Xiang (Hunan) Jewelry Co., Ltd.” According to the Shanghai Stock Exchange Stock Listing Rules, the Articles of Association, and other regulations, this investment and subsidiary establishment are within the approval authority of the company’s board of directors and do not require shareholder approval. For details, please refer to the company’s announcement titled “Lao Feng Xiang Co., Ltd. on the Proposed Investment and Establishment of Lao Feng Xiang (Hunan) Jewelry Co., Ltd.” published on the Shanghai Stock Exchange website (www.sse.com.cn) on January 27, 2026, with announcement number: 2026-002.

2. Progress of This Investment

Recently, the company completed the registration procedures for the aforementioned Hunan subsidiary and obtained the Business License issued by the Furong District Administrative Approval Service Bureau in Changsha City. The specific information of the Business License is as follows:

1. Company Name: Lao Feng Xiang (Hunan) Jewelry Co., Ltd.
2. Type of Company: Other Limited Liability Company
3. Registered Capital: 100 million yuan
4. Registered Address: 47th Floor, Shimao Global Financial Center, No. 393 Jianxiang Road, Dingwangtai Street, Furong District, Changsha City, Hunan Province
5. Unified Social Credit Code: 91430102MAK953E30U
6. Legal Representative: Wang Chen
7. Date of Establishment: March 23, 2026
8. Business Scope: General items: Jewelry wholesale; Jewelry retail; Retail of arts and crafts and collectibles (excluding ivory and its products); Wholesale of arts and crafts and collectibles (excluding ivory and its products); Sale of gold and silver products; Sale of glasses (excluding contact lenses); Metal product repair; Watch sales; Leasing services (excluding licensed leasing services); Enterprise management (excluding projects that require approval by law, and engaging in business activities that are not prohibited or restricted by laws and regulations).

This announcement is hereby made.

Lao Feng Xiang Co., Ltd.

March 24, 2026