According to Xinhongye's announcement, Yang Yuwei, a shareholder holding 5% or more of the company's shares, holds 35.28 million shares, accounting for 18.48% of the company's total share capital. Due to his own capital requirements, he plans to reduce his holdings of the company's shares by no more than 5.712,500 shares through centralized bidding or bulk transactions from September 22, 2026 to December 21, 2026, accounting for 2.99% of the company's total share capital. Within any 90 consecutive calendar days, centralized bidding reduced holdings by no more than 1% of the total share capital after excluding repurchase accounts, and bulk transactions reduced holdings by no more than 2%. The implementation of this holdings reduction plan is uncertain and will not lead to a change in the company's control.

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