Star Fashion Culture Holdings holds shareholder meeting to revise terms for up to 5 million Class B shares allotment

Star Fashion Culture held an extraordinary general meeting on July 13, 2026.

• Shareholders adopted revised terms for a planned allotment of up to 5 million authorized but unissued Class B ordinary shares to Xingji Zhangpingting Limited.
• The board was authorized to appoint an independent valuation institution, use its stock price analysis report, negotiate a service agreement, then set the consideration within three years.
• Shareholders authorized an offering of up to 10 million authorized but unissued Class A ordinary shares via one or more placement agents.
• The board was empowered to select placement agents, set pricing, finalize offering documents, then issue and allot shares at closing; an adjournment authorization was also adopted.