According to the announcement dated December 1, 2025, Tian Tu Capital Co., Ltd. (Stock Code: 1973) (the “Company”) and its subsidiaries (the “Group Sellers”) entered into a share purchase agreement with Kunshan Nuoyuan Ruiyuan Management Consulting Co., Ltd. Under this agreement, the Group Sellers conditionally agreed to dispose of 45.22% of the equity interest in Yoplait China for RMB813,913,043 in cash.

Based on the highest applicable percentage ratio, this disposal constitutes a major transaction under Chapter 14 of the Listing Rules. Therefore, it requires reporting, announcement, circular issuance, and shareholder approval at an extraordinary general meeting. Subject to completion, the Company will cease to hold any equity interest in Yoplait China, and Yoplait China will no longer be classified as an associate measured at fair value in the Group’s consolidated financial statements.

Yoplait China’s audited net asset value stood at approximately RMB92,935,000 as of December 31, 2024, and it reported audited revenue of RMB809,748,000 for the year ended December 31, 2024. The Company expects to record a total loss of RMB847,000 arising from the transaction. The gross cash proceeds receivable by the Group Sellers will be approximately RMB813,913,043, and the net proceeds are intended for general working capital or possible new investment opportunities.

Shareholders should note that the agreement and the related transactions remain subject to shareholder approval. Consequently, the disposal may or may not proceed, and stakeholders are advised to exercise caution when dealing in the Company’s securities.