Tianhong Co., Ltd. announced that the holdings reduction plan of Wulong Trading Co., Ltd., the shareholder holding 5% or more of the company's shares, has expired and has been implemented. Wulong Company originally held 584.49 million shares of the company, accounting for 5.12% of the total share capital. The original plan was to reduce its holdings by no more than 34.2377 million shares within 3 months. From August 4 to October 19, 2026, Wulong Company reduced its holdings by a total of 342,125 million shares through centralized bidding and bulk transactions, accounting for 2.9978% of the total share capital. The reduced price range was 4.28 yuan/share - 4.95 yuan/share. After the reduction in holdings, Wulong Company held 24.2365 million shares, accounting for 2.12% of the total share capital, and is no longer a shareholder holding more than 5% of the shares.

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