Ludaofeng announced that the 14th meeting of the third board of directors of the company deliberated and passed a bill to change the use of some fund-raising projects. The “Air System Technology Equipment Production Base Project” constructed by Henan Ludaofeng was completed in January 2026. Due to changes in the market situation and the company's strategic adjustments, there is currently no need to expand production capacity. After the production of the project was stopped, the production capacity in the Taishan factory can still meet sales needs. The company decided to completely stop production of the project and plan to find interested parties to rent or transfer shares in the factory area to revitalize assets and reduce management costs. This matter constitutes a change in the actual use of the fund-raising project. It still needs to be submitted to the company's shareholders' meeting for consideration, and the sponsoring agency has issued an unobjected verification opinion.

Ludaofeng announced that the 14th meeting of the third board of directors of the company deliberated and passed a bill to change the use of some fund-raising projects. The “Air System Technology Equipment Production Base Project” constructed by Henan Ludaofeng was completed in January 2026. Due to changes in the market situation and the company's strategic adjustments, there is currently no need to expand production capacity. After the production of the project was stopped, the production capacity in the Taishan factory can still meet sales needs. The company decided to completely stop production of the project and plan to find interested parties to rent or transfer shares in the factory area to revitalize assets and reduce management costs. This matter constitutes a change in the actual use of the fund-raising project. It still needs to be submitted to the company's shareholders' meeting for consideration, and the sponsoring agency has issued an unobjected verification opinion.