Pu’er Lancang Ancient Tea Co., Ltd. (stock code: 06911, “LANCANG TEA”) has issued a profit-warning, disclosing preliminary figures for the year ended 31 December 2025.

Revenue Outlook • FY2025 revenue is estimated at RMB205.00 million–RMB230.00 million, a decline of 36.34%–43.26% from RMB361.30 million in FY2024. • Management attributes the contraction primarily to a “sluggish recovery” in China’s consumer market, which pressured sales at the Group’s offline physical stores.

Earnings Outlook • Net loss attributable to shareholders is expected at RMB80.00 million–RMB100.00 million, a sharp improvement of 67.48%–73.98% versus the FY2024 loss of RMB307.50 million. • Key drivers of the narrowed loss: – Significantly lower impairment losses on assets compared with FY2024. – Cost-saving and efficiency measures that reduced operating expenses.

Reporting Timeline and Caution The unaudited figures are subject to review by the audit committee and external auditors. Final audited results for FY2025 are scheduled for release by end-March 2026. Shareholders and investors are advised to exercise caution when dealing in LANCANG TEA shares.