On behalf of Subsidiary L.E. Capital Enterprise Co., Ltd. to announce the implementation of the capital loan and improvement plan in the third quarter of 2025

1.Date of occurrence of the event:2025/11/12

2.Company name:L.E. Capital Enterprise Co., Ltd.

3.Relationship to the Company (please enter ”head office” or

  ”subsidiaries”):subsidiaries

4.Reciprocal shareholding ratios:NA

5.Cause of occurrence:Handled in accordance with the Jinguan Zhengshen

No. 1140335885, the subsidiary L.E. Capital Enterprise Co., Ltd. has

formulated an improvement plan in accordance with regulations, announced it

in the major information, and announced the implementation status on a

quarterly basis and submitted quarterly reports on the implementation status

to the company's board of directors and shareholders' meeting reports.

6.Countermeasures:

(1) For the overall benefit of the Group, the Company’s interim Board of

Directors resolved on September 10, 2025, to approve the subsidiary L.E.

Capital Enterprise Co., Ltd.’s waiver of a US$1.5 million claim against

Shanghai Les Enfants Children Articles Co., Ltd. This waiver has no impact

on the Group’s consolidated profit and loss, and the excess amount of

intercompany loans has been remedied.

(2) The Company has reported the implementation status of the improvement

plan to the Board of Directors on November 12, 2025 and has recorded it in

the meeting Minutes to distribute to independent directors.

7.Any other matters that need to be specified (the information disclosure

  also meets the requirements of Article 7, subparagraph 9 of the Securities

  and Exchange Act Enforcement Rules, which brings forth a significant impact

  on shareholders rights or the price of the securities on public companies.):

None