According to the Peace Bird announcement, in order to guarantee the implementation of the fund-raising project, the company reviewed and passed a bill on October 23, 2025 to increase the capital of its wholly-owned subsidiary Fashion Apparel by 1 billion yuan, of which 200 million yuan was raised and 800 million yuan was its own capital. After the capital increase, the company's investment in fashion apparel increased from 95 million yuan to 1,095 billion yuan, and the shareholding ratio was still 100%. Recently, Fashion Apparel completed the registration of industrial and commercial changes and issued a business license. This capital increase is conducive to project advancement, optimizes the subsidiary structure, enhances its financial strength, and does not have a significant adverse impact on the company's operations.

According to the Peace Bird announcement, in order to guarantee the implementation of the fund-raising project, the company reviewed and passed a bill on October 23, 2025 to increase the capital of its wholly-owned subsidiary Fashion Apparel by 1 billion yuan, of which 200 million yuan was raised and 800 million yuan was its own capital. After the capital increase, the company's investment in fashion apparel increased from 95 million yuan to 1,095 billion yuan, and the shareholding ratio was still 100%. Recently, Fashion Apparel completed the registration of industrial and commercial changes and issued a business license. This capital increase is conducive to project advancement, optimizes the subsidiary structure, enhances its financial strength, and does not have a significant adverse impact on the company's operations.