According to Karen Co., Ltd., Director and Deputy General Manager Zhang Yong previously planned to reduce his holdings by no more than 1.3 million shares from July 3, 2026 to October 2, 2026. From September 7, 2026 to September 8, 2026, Zhang Yong reduced his holdings by 1.3 million shares through centralized bidding, at an average price of 14.5 yuan/share, accounting for 0.35% of the company's total share capital after excluding the special repurchase account. The implementation of this holdings reduction plan has been completed; his shareholding was reduced from 5.801 million shares to 4.501 million shares, and the shareholding ratio was reduced from 1.54% to 1.19%.

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