Fosun Group: Subsidiary plans to exit the small loan industry.

Rich Forest Beauty announced that on May 20, 2026, the board of directors approved the proposal for its subsidiary, Rich Forest Microloan, to withdraw from the small loan industry, and agreed to change its name and business scope. Rich Forest Microloan has a good compliance record. Exiting the small loan industry will help the company focus on its core business, optimize its structure, and will not have a significant impact on its operations. This matter still needs approval from the local financial supervision and management bureau, and there is uncertainty. The company will disclose any progress in a timely manner.