LANXUN Intelligent Technology Co., Ltd. Announcement on the Second Phase Share Repurchase Plan through Centralized Competitive Bidding Trading and Repurchase Report

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Stock Code: 688557 Stock Abbreviation: Lanjian Intelligent Announcement No.: 2026-007

The company’s board of directors and all directors guarantee that the content of this announcement does not contain any false records, misleading statements, or major omissions, and they bear legal responsibility for the authenticity, accuracy, and completeness of its content.

Important Content Highlights:

● Share Repurchase Amount: The total funds for the repurchase will not be less than RMB 20 million (inclusive) and not more than RMB 40 million (inclusive).

● Source of Funds for Repurchase: The company’s own funds.

● Purpose of Repurchase: To be used in the future for employee stock ownership plans or equity incentives at an appropriate time. If the company does not use all repurchased shares within three years from the date of the announcement of the share repurchase results and share changes, the unused shares will be canceled. If there are adjustments to relevant policies by the government, this repurchase plan will be implemented according to the adjusted policies.

● Repurchase Price: No more than RMB 56.01 per share (inclusive), which is not higher than 150% of the average trading price of the company’s stock in the 30 trading days prior to the board resolution approving the repurchase.

● Repurchase Method: Through the Shanghai Stock Exchange trading system via centralized bidding.

● Repurchase Period: Within 6 months from the date the board approves this plan.

● Do related shareholders have plans to reduce holdings? As of the date the board approves this plan, the company’s controlling shareholder, actual controller, directors, and senior management have no plans to reduce holdings within the next 3 or 6 months. However, the shareholder Jinan Technology Venture Investment Group Co., Ltd., holding more than 5%, has plans to reduce holdings within the next 3 and 6 months. If they plan to reduce holdings in the future, the company and relevant entities will disclose information in accordance with laws, regulations, and normative documents.

● Risk Warnings:

1. There is a risk that the company’s stock price may stay above the upper limit during the repurchase period, making the repurchase impossible to implement smoothly.

2. If significant events occur that impact the company’s stock trading price, or if there are major changes in the company’s production, operation, financial situation, or external environment, or other reasons leading the board to decide to terminate the plan, there is a risk that the repurchase plan cannot be carried out smoothly or may be modified or terminated according to regulations.

3. The repurchased shares are intended to be used for employee stock ownership plans or equity incentives. If the company fails to implement these uses within the legally prescribed period, there is a risk of initiating procedures to cancel the untransferred shares.

4. If regulatory authorities issue new normative documents related to share repurchases, adjustments to the plan may be required, posing a risk to the implementation process.

The company will make timely decisions on repurchases based on market conditions within the repurchase period and will disclose relevant information promptly. Investors are advised to be aware of investment risks.

1. Review and Implementation Procedures of the Repurchase Plan

(1) On March 20, 2026, the company’s controlling shareholder, actual controller, and chairman Wu Yaohua proposed to the board to use self-owned or raised funds to repurchase some of the company’s issued RMB ordinary shares (A-shares) through the Shanghai Stock Exchange trading system via centralized bidding. Details are disclosed in the company’s announcement on March 21, 2026, on the Shanghai Stock Exchange website (www.sse.com.cn) titled “Announcement on the Proposal by Controlling Shareholder, Actual Controller, and Chairman to Repurchase Shares” (Announcement No.: 2026-005).

(2) On March 23, 2026, the company held the 14th meeting of the fifth board of directors, approving the “Proposal on the Second Phase of Share Repurchase via Centralized Bidding.” All directors attended, voting 9 in favor, 0 against, 0 abstain. Details are disclosed in the company’s announcement on March 24, 2026, on the Shanghai Stock Exchange website titled “Resolution Announcement of the 14th Meeting of the Fifth Board of Directors” (Announcement No.: 2026-006).

(3) According to relevant laws, regulations, and Article 27 of the Articles of Association of Lanjian Intelligent Technology Co., Ltd., this share repurchase plan can be implemented after approval by more than two-thirds of directors present at the board meeting, without needing shareholder approval.

The above procedures and timing comply with relevant regulations such as the “Guidelines for Self-Regulation of Listed Companies No. 7—Share Repurchase” of the Shanghai Stock Exchange.

2. Main Content of the Repurchase Plan

The main contents are as follows:

(1) Purpose of the Repurchase

To effectively protect shareholders’ interests, enhance investor confidence, improve shareholders’ investment returns, and align the company’s stock price with its value. Based on confidence in future development and recognition of the company’s value, to establish and improve long-term incentive mechanisms, attract and retain talented personnel, motivate employees, and strengthen investor confidence, the company proposes to repurchase some of its RMB A-shares via centralized bidding. The repurchased shares will be used for employee stock ownership plans or equity incentives at an appropriate time. If not used within three years from the announcement of the repurchase results and share changes, the unused shares will be canceled. Adjustments will be made if policies change.

(2) Types of Shares to be Repurchased

RMB ordinary shares (A-shares) issued by the company.

(3) Repurchase Method

Via the Shanghai Stock Exchange trading system through centralized bidding.

(4) Implementation Period

1. Within 6 months from the date the board approves this plan. If the stock is suspended for over 10 trading days due to major planning, the plan will be extended after trading resumes and promptly disclosed.

2. The period may end early if:

• The maximum funds are used within the period, the plan terminates early.

• The minimum shares are repurchased within the period, the plan terminates early upon management decision.

• The board resolves to terminate the plan.

3. During the following periods, the company shall not repurchase shares:

• From the date of occurrence or decision of major events that could significantly impact stock trading until they are legally disclosed.

• Other circumstances stipulated by the China Securities Regulatory Commission and the Shanghai Stock Exchange.

(5) Purpose, Quantity, Proportion of Total Capital, and Funds for Repurchase

Purpose: To be used for employee stock ownership plans or equity incentives.

Total Funds: Not less than RMB 20 million and not more than RMB 40 million.

Quantity: Based on the current total share capital of 102,679,640 shares, with a maximum repurchase amount of RMB 40 million and a cap of RMB 56.01 per share, approximately 714,200 shares will be repurchased, representing about 0.70% of total shares. At the minimum amount of RMB 20 million, approximately 357,100 shares, about 0.35% of total shares, will be repurchased. Actual quantities will depend on the completion of the repurchase and the period’s end. Adjustments will be made if there are corporate actions like capital increases, dividends, stock splits, or reductions.

(6) Price Range and Pricing Principles

The maximum price is RMB 56.01 per share, not exceeding 150% of the average stock price in the 30 trading days before the board resolution. The management will determine the actual repurchase price based on market conditions during implementation. Adjustments will be made if corporate actions occur.

(7) Source of Funds

The company’s own funds.

(8) Expected Changes in Shareholding Structure

(9) Impact Analysis of the Repurchase on Operations, Finance, R&D, Profitability, Debt, and Future Development

• The funds will be used within the period with some flexibility. As of September 30, 2025, the company’s total assets were RMB 2,311,007,994.32, net assets RMB 1,226,910,618.35, and current assets RMB 1,766,241,402.40. The maximum repurchase of RMB 40 million accounts for a low proportion of these figures. The company believes the repurchase will not significantly impact operations or finances, and it has sufficient funds.

• The impact on debt-paying ability is minimal; the debt ratio as of September 30, 2025, was 46.91%. The repurchase will help establish a long-term incentive mechanism, motivate staff, and improve core competitiveness and performance, supporting sustainable development. It will not impair debt obligations or ongoing operations.

• After the repurchase, control rights will not change, and the company’s listing status will remain unaffected.

(10) Shareholders, Directors, Senior Executives, and Controlling Shareholders’ Trading in the Past 6 Months and Insider Trading or Market Manipulation

Self-inspection shows that some directors and senior management increased holdings within six months before the board’s decision, in accordance with relevant laws and regulations, and disclosed timely. No other trading or market manipulation occurred. No plans to reduce holdings during the period. Future reduction plans will be disclosed timely.

(11) Inquiry about Future Reduction Plans in the Next 3 and 6 Months

As of the decision date, controlling shareholders, directors, and senior management have no plans to reduce holdings in the next 3 or 6 months. The shareholder Jinan Technology Venture Investment Group Co., Ltd. has plans to reduce holdings in these periods. Any future reduction will be disclosed according to regulations.

(12) Proposal Proposer and Related Details

Proposer: Mr. Wu Yaohua, controlling shareholder, actual controller, and chairman. On March 20, 2026, he proposed to the board to repurchase shares and committed to voting in favor.

He had no trading activity in the past 6 months and no insider trading or market manipulation. No plans to increase or decrease holdings during the repurchase period; future plans will be disclosed timely.

(13) Details of the Proposal, Reasons, and Trading Activity in the Past 6 Months

Same as above, emphasizing the purpose of the repurchase, which is to protect shareholders’ interests, boost confidence, and align stock price with company value, based on confidence in future growth and recognition of the company’s value. The plan is to repurchase via centralized bidding, with specific price and fund limits.

He had no trading activity in the past 6 months and no insider trading or market manipulation. Future plans to increase or decrease holdings will be disclosed timely.

(14) Post-Repurchase Arrangements for Cancellation or Transfer

All repurchased shares will be used for employee stock plans or incentives. If not transferred within three years, they will be canceled, and the company’s registered capital will be reduced accordingly. Disclosure will be made as needed.

(15) Arrangements to Protect Creditors’ Interests

The repurchase will not affect normal operations or debt obligations. If cancellation occurs, the company will follow legal procedures to notify creditors and protect their rights.

(16) Authorization for Handling the Repurchase

The board authorizes management or designated persons to handle all related matters, including timing, price, quantity, legal procedures, adjustments due to policy changes, and other necessary actions, within the period from approval until completion.

3. Uncertain Risks of the Repurchase Plan

• Stock price staying above the upper limit during the period, preventing implementation.

• Major events affecting stock price or company operations, or board decisions to terminate, may hinder implementation or lead to modifications.

• Failure to use repurchased shares for intended purposes within legal timeframes, risking cancellation procedures.

• Changes in regulatory policies requiring plan adjustments.

The company will make decisions based on market conditions and disclose information timely. Investors should be aware of risks.

4. Other Matters

(1) Special Securities Account for Repurchase

The company has opened a dedicated securities account with China Securities Depository and Clearing Corporation Limited Shanghai Branch:

Account Name: Lanjian Intelligent Technology Co., Ltd. Repurchase Special Securities Account

Account Number: B887380094

(2) Future Disclosure Arrangements

The company will continue to make timely disclosures based on market conditions and progress.

This announcement is made accordingly.

Board of Directors of Lanjian Intelligent Technology Co., Ltd.

March 24, 2026