Zhen Da Global Announces Board Resolution to Adjust Investment Method in BAOBAB Company (Supplement to Announcement on 9/17/2025)

Zhen Da Global's subsidiary, GIANT LANCE INTERNATION LTD., announced a board resolution on May 11, 2026, to adjust the investment method in GREAT BAOBAB GARMENT SARLU (BAOBAB Company). Previously, on September 17, 2025, the board had approved a capital increase of up to USD 23,000,000 for BAOBAB Company, which is wholly owned by Zhen Da Global's parent company. The parent company's investment of USD 23,000,000 has been completed. However, the planned reinvestment by Zhen Da Global into BAOBAB Company was not yet executed. The board has now resolved to change this from a cash capital increase to a fund loan. This decision is driven by the consideration of optimizing the group's overall investment structure. The transaction is considered a related party transaction and was approved by the supervisory board/audit committee on May 11, 2026.