Zhitong Finance App News, Extraordinary Leadership (00933.HK), Offeror Longyue Consumer Products Co., Ltd. and Baoshilong International (00592.HK) jointly announced that on October 14, 2024, Extraordinary Board of Directors and Offeror Board of Directors requested Baoshilong's board of directors to propose to the plan shareholders that the offender privatize Baoshilong through an agreement arrangement in accordance with section 99 of the Company Law, involving (i) canceling the planned shares on the effective date of the plan to reduce Baoshilong's issued share capital at the cost of canceling the plan's issued share capital. Extraordinary shares to planned shareholders , (ii) Immediately after the reduction in the issued share capital as described in (i) above, the issued share capital of Baoshilong was restored to the amount immediately before cancellation of the planned shares by issuing the same number of shares (cancelled) as planned to the offender, and the proceeds from the Baoshilong accounts due to the reduction in the issued share capital as described in (i) above are recorded as fully paid; and (iii) after the effective date of the plan, the listing status of Baoshilong shares on the Stock Exchange was withdrawn in accordance with section 6.15 of the listing rules. After the plan comes into effect, the offeror will own all of Baoshilong's issued share capital on the effective date of the plan.

Zhitong Finance App News, Extraordinary Leadership (00933.HK), Offeror Longyue Consumer Products Co., Ltd. and Baoshilong International (00592.HK) jointly announced that on October 14, 2024, Extraordinary Board of Directors and Offeror Board of Directors requested Baoshilong's board of directors to propose to the plan shareholders that the offender privatize Baoshilong through an agreement arrangement in accordance with section 99 of the Company Law, involving (i) canceling the planned shares on the effective date of the plan to reduce Baoshilong's issued share capital at the cost of canceling the plan's issued share capital. Extraordinary shares to planned shareholders , (ii) Immediately after the reduction in the issued share capital as described in (i) above, the issued share capital of Baoshilong was restored to the amount immediately before cancellation of the planned shares by issuing the same number of shares (cancelled) as planned to the offender, and the proceeds from the Baoshilong accounts due to the reduction in the issued share capital as described in (i) above are recorded as fully paid; and (iii) after the effective date of the plan, the listing status of Baoshilong shares on the Stock Exchange was withdrawn in accordance with section 6.15 of the listing rules. After the plan comes into effect, the offeror will own all of Baoshilong's issued share capital on the effective date of the plan.