According to the announcement of North China Co., Ltd., the shareholder Tevo Shanghai originally planned to reduce its total holdings by no more than 5.1 million shares through centralized bidding and/or bulk transactions from April 23 to July 22, 2026. As of the expiration of the holdings reduction plan on July 22, Tevo Shanghai did not reduce the company's shares through centralized bidding and bulk transactions, but transferred 8.95 million shares through an agreed transfer. After the transfer was completed, the number of shares held by Tevo Shanghai was 7.14 million shares, with a shareholding ratio of 3%.

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