On July 4, the tea brand Aunt Shanghai issued an announcement stating that on July 4, 2025, the board of directors considered and approved a proposal to convert no more than 35255,992 domestic unlisted shares of the Company held by certain shareholders of the Company into the Company's H shares, accounting for about 33.51% of the total issued share capital of the Company on the date of this announcement, according to the management measures, guidelines and consideration of the Company's intention to participate in the full circulation of H shares from shareholders. The final number of unlisted shares of the Company converted to H shares is based on the number of records filed by the China Securities Regulatory Commission and approved by the Stock Exchange.

On July 4, the tea brand Aunt Shanghai issued an announcement stating that on July 4, 2025, the board of directors considered and approved a proposal to convert no more than 35255,992 domestic unlisted shares of the Company held by certain shareholders of the Company into the Company's H shares, accounting for about 33.51% of the total issued share capital of the Company on the date of this announcement, according to the management measures, guidelines and consideration of the Company's intention to participate in the full circulation of H shares from shareholders. The final number of unlisted shares of the Company converted to H shares is based on the number of records filed by the China Securities Regulatory Commission and approved by the Stock Exchange.