Zhejiang Rongtai announced that the controlling shareholders and actual controllers of the company and their co-actors Ge Tairong, Ge Tailiang, and Shanghai Chaotai Enterprise Management Partnership terminated the holdings reduction plan early, and the implementation of this holdings reduction plan has already been completed. As of October 12, 2026, Ge Tailong reduced his holdings by 6.5976 million shares, accounting for 1.3953% of the total share capital; Ge Tailiang reduced his holdings by 899,900 shares, accounting for 0.1903% of the total share capital; and Shanghai Chaotai reduced its holdings by 445,700 shares, accounting for 0.0943% of the total share capital. This holdings reduction complies with relevant laws and regulations and the previously disclosed holdings reduction plan requirements.

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