Legend Holdings Corporation (Legend Holdings) reported that its Shenzhen-listed subsidiary Joyvio Food Co., Ltd. (Joyvio Food) saw a substantial narrowing of losses in the first quarter of 2026, even as revenue contracted sharply.

Revenue and Profitability • Joyvio Food generated revenue of RMB 194.30 million for the three months ended 31 March 2026, down 71.32% from RMB 677.51 million a year earlier. • Net loss attributable to shareholders narrowed to RMB 7.84 million, a 95.67% improvement versus the RMB 180.91 million loss in the prior-year period. • After excluding non-recurring items, the net loss was RMB 8.22 million, also reflecting a 95.47% year-on-year improvement. • Basic and diluted loss per share both shrank to RMB 0.045, compared with RMB 1.039 in the first quarter of 2025. • Weighted average return on net assets stood at –2.89%.

Cash Flow and Balance Sheet • Net cash outflow from operating activities was trimmed to RMB 45.16 million, an 81.60% improvement from the RMB 245.44 million outflow in the same period last year. • Total assets increased 15.74% from year-end 2025 to RMB 610.30 million. • Owners’ equity attributable to shareholders declined 2.79% to RMB 267.22 million over the same interval.

Regulatory and Accounting Notes The figures are prepared under China Accounting Standards for Business Enterprises and relate solely to Joyvio Food. Legend Holdings prepares group financial statements under IFRS; therefore, Joyvio Food’s results do not represent the consolidated performance of Legend Holdings.

Investors are advised to review the full first-quarter report of Joyvio Food, available on the Shenzhen Stock Exchange and CNINFO websites, and to exercise caution when dealing in Legend Holdings’ securities.