Kaichun Co., Ltd. announced that from September 18 to October 14, 2026, Shanghai Chunrong Investment Center, a shareholder holding 5% or more of the company's shares, reduced its holdings by 471,000 shares through bulk transactions and centralized bidding, accounting for 0.5876% of the company's total share capital. Before this equity change, Chunrong Investment held 4.47 million shares of the company, accounting for 5.59% of the total share capital; after the change, it held 3.9999 million shares, accounting for 4.9999% of the total share capital. This change will not result in changes in the controlling shareholders or actual controllers of the company. Chunrong Investment's previously disclosed holdings reduction plan has not yet been implemented, and the possibility of continuing to increase or decrease its holdings of the company's shares over the next 12 months is not ruled out.

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