2431 Lianchang: Announcement of Director Change at Key Subsidiary Genmao Electronics (Suzhou) Co., Ltd.

Release Date: June 23, 2026 Statement Date: June 22, 2026 Statement Time: 16:38:12 Company Code: 2431 Company Name: Lianchang Subject: Announcement of Director Change at Key Subsidiary Genmao Electronics (Suzhou) Co., Ltd. Applicable Clause: Clause 6 Event Date: June 22, 2026

Details: 1. Date of Change: June 22, 2026 2. Corporate Entity: Kenmao International (Pte) Ltd 3. Former Directors: Lian Zhaozhi, Zhang Shaozhong 4. Former Directors' Background: Lian Zhaozhi / Chairman of Genmao Electronics (Suzhou) Co., Ltd. Zhang Shaozhong / Director of Genmao Electronics (Suzhou) Co., Ltd. 5. New Directors: Chen Hengwei, Chen Jianda 6. New Directors' Background: Chen Hengwei / Chairman of Lianchang Electronics Chen Jianda / Head of Product Planning Department, Lianchang Electronics 7. Reason for Change: Reappointment of representative by corporate shareholder 8. Previous Term: Not applicable 9. Effective Date of New Appointment: June 22, 2026 10. Other Matters to be Stated: None