According to the announcement by Higao Group, the shares whose sales restrictions have been lifted are some shares already issued before the initial public offering and strategically placed shares. The number is 408.606 million shares, accounting for 10.21% of the company's total share capital, involving 7 shareholders. The sales restrictions are all 12 months from the date of the company's initial public offering and listing. This portion of the restricted shares will be lifted and listed for circulation on July 30, 2026.

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