According to the announcement of Wanli Co., Ltd., Zheng Hairuo, the information disclosure agent, reduced his holdings of the company's shares by a total of 6.255,600 shares through centralized bidding transactions from August 25, 2026 to October 8, 2026, through accounts controlled by Shida Qixiang, Yingdong Antong, and Manruijiade, accounting for 4.08% of the company's total share capital. Before this change in equity, Zheng Hairuo's total shareholding ratio was 24.08%; after the change, he held a total of 306.5775 million shares, and the shareholding ratio dropped to 20.00%. Zheng Hai has no plans to increase his holdings within the next 12 months and has plans to continue to reduce his holdings in the company.

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