Li Hexing announced that Lin Yipan, the controlling shareholder and actual controller of the company, reduced his holdings of the company's shares by a total of 1.95 million shares through bulk transactions on October 13, 2026, accounting for 0.83% of the company's total share capital. After this change in equity, the total shareholding ratio of the company's controlling shareholders, actual controllers, and their co-actors fell from 26.24% to 25.41%, and the share change hit an integer multiple of 1%. This holdings reduction is consistent with the previously disclosed holdings reduction plan. Currently, the holdings reduction plan has not been implemented, and this change will not result in a change in the company's control.

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