Lily Group Co., Ltd. disclosed the directors' holdings reduction plan announcement on October 12, 2026. As of the announcement date, Wang Diming, the company's director, held 2,337,872 shares of the company's unlimited tradable shares, accounting for 0.5615% of the company's total share capital. The shares originated from pre-IPO acquisitions and capital stock transfers. At the same time, he also held 10% of the shares of the controlling shareholder Baihehua Holdings, and there was no concerted action. Due to his own capital requirements, Wang Diming plans to reduce his holdings by no more than 584,400 shares through centralized bidding within 3 months after 15 trading days from the date of publication of the announcement, accounting for 25% of his total shareholding, accounting for about 0.1404% of the company's total share capital. The reduction price is determined based on the market price. If trading of the company's shares is suspended during the disclosure period, the actual start time for reducing holdings will be postponed accordingly. Wang Diming has made promises relating to the IPO lockdown period, reduction ratio of holdings during the tenure of directors and supervisors, reduction prices, and extension of the lockdown period. This holdings reduction is consistent with the promises previously disclosed. The implementation of this holdings reduction plan has uncertainties such as the timing, price, and quantity of holdings reduction. It will not have a significant impact on the company's governance structure and continuous operation, nor will it cause changes in the company's control. The holdings reduction complies with the requirements of relevant laws and regulations, and information disclosure obligations will be strictly fulfilled during the implementation of the holdings reduction.

Lily Group Co., Ltd. disclosed the directors' holdings reduction plan announcement on October 12, 2026. As of the announcement date, Wang Diming, the company's director, held 2,337,872 shares of the company's unlimited tradable shares, accounting for 0.5615% of the company's total share capital. The shares originated from pre-IPO acquisitions and capital stock transfers. At the same time, he also held 10% of the shares of the controlling shareholder Baihehua Holdings, and there was no concerted action. Due to his own capital requirements, Wang Diming plans to reduce his holdings by no more than 584,400 shares through centralized bidding within 3 months after 15 trading days from the date of publication of the announcement, accounting for 25% of his total shareholding, accounting for about 0.1404% of the company's total share capital. The reduction price is determined based on the market price. If trading of the company's shares is suspended during the disclosure period, the actual start time for reducing holdings will be postponed accordingly. Wang Diming has made promises related to the IPO lockdown period, reduction ratio of holdings during the tenure of directors and supervisors, reduction prices, and extension of the lockdown period. This holdings reduction is consistent with the promises previously disclosed. The implementation of this holdings reduction plan has uncertainties such as the timing, price, and quantity of holdings reduction. It will not have a significant impact on the company's governance structure and continuous operation, nor will it cause changes in the company's control. The holdings reduction complies with the requirements of relevant laws and regulations, and information disclosure obligations will be strictly fulfilled during the implementation of the holdings reduction.