Announcement of Cash Capital Increase by Subsidiary Suzhou Les Enphants Children Articles Co., Ltd.

1.Date of the board of directors resolution:2025/10/23

2.Source of capital increase funds:Cash capital increase

3.Whether to adopt shelf registration (Yes, please state issuance period/No):

No

4.Total monetary value of the issuance and number of shares issued (shares

 issued not including those distributed to employees if consisting in

 capital increase from earnings or capital surplus):

The capital increase amount is USD 36,000,000.

5.If adopting shelf registration, monetary value and number of shares

to be issued this time: NA

6.The remaining monetary value and shares after this issuance when

adopting shelf registration: NA

7.Par value per share: NA

8.Issue price: NA

9.Number of shares subscribed for by or allocated to employees: NA

10.Number of shares publicly sold: NA

11.Ratio of shares subscribed by or allotted as stock dividends to existing

shareholders:100%

12.Handling method for fractional shares and shares unsubscripted for by

the deadline: NA

13.Rights and obligations of these newly issued shares: Same as existing

issued shares

14.Utilization of the funds from the capital increase:

Utilize working capital to settle payables

15.Any other matters that need to be specified:The funds from this capital

increase will be allocated in phases.