According to the announcement of Shenli Co., Ltd., Shenzhen Qianhai Zhongwu Yifang Enterprise Management Consulting Co., Ltd., the shareholder holding more than 5% of the company's shares, has been judicially auctioned off the 174.507 million shares of the company, and the transfer registration was completed on September 4, 2026. Prior to this equity change, China's shareholding ratio was 8.01%; after the change, it no longer held shares in the company, and the shareholding ratio dropped to 0.00%, and the equity change exceeded 5% integer times. This change in equity is a passive reduction in holdings due to the execution of the court ruling. It does not touch on the proposed acquisition, will not cause a change in the company's control, and will not have a significant adverse impact on the company's production, operation and governance structure. The transferee shall not reduce its holdings of the transferred shares within 6 months after the transfer.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.