Xiangshan Co., Ltd. announced that Zhao Yukun previously planned to reduce the company's shares by no more than 3.885 million shares from June 9, 2026 to September 8, 2026. As of the closing of the market on September 8, 2026, and the expiration of the holdings reduction plan period, Zhao Yukun reduced her holdings by 1.295,000 shares through centralized transactions from July 2, 2026 to August 10, 2026, accounting for 0.85% of the total share capital; the number of shares held was reduced from 17.04 million shares to 15.745 million shares, and the shareholding ratio was reduced from 12.90% to 10.31%.

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