ST Hailong announced that Jiurong Puxin Enterprise Management Co., Ltd., the largest shareholder of the company, joined forces of Wenzhou Kangnan Technology Co., Ltd. to increase its holdings by 5.291,000 shares through centralized bidding from October 19 to 20, 2026, accounting for 0.61% of the company's total share capital, with a total increase of 8.6925 million yuan. After this change in equity, the total shareholding ratio of Kangnan Technology and Jiurong Puxin increased from 23.39% to 24.00%, hitting an integer multiple of 1%. This increase in holdings is to fulfill the previously disclosed increase plan. Currently, the plan to increase holdings is still being implemented, and this change in equity will not lead to a change in the company's control.

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