Xinhuadu announced that shareholder Ni Guotao originally planned to reduce his holdings by no more than 7.1981,000 shares through centralized bidding from 15 trading days after the disclosure of the pre-disclosure announcement on May 15, 2026 until September 7, 2026, and no more than 9.915,000 shares through bulk transactions. As of the date of disclosure of the announcement, the holdings reduction plan has expired, and no holdings reduction has yet been implemented; Ni Guotao still holds 684.564 million shares, accounting for 9.51% of the total share capital.

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