Cultural Investment Holdings announced that Beijing Wenchuang Fixed Growth Fund and Cultural Center Fund, shareholders holding 5% or more of the company's shares, reduced their holdings of the company through centralized bidding. Among them, Beijing Wenchuang Fixed Growth Fund reduced its holdings by 936,000 shares from November 20, 2025 to November 26, 2025, accounting for 0.02% of the total share capital; Cultural Center Fund reduced its holdings by 17.8889 million shares from December 26, 2025 to October 20, 2026, accounting for 0.44% of the total share capital. After this change in equity, the shareholding ratio of information disclosure obligors and their co-actors fell from 13.42% to 12.96%, hitting the 1% scale, which will not lead to changes in the controlling shareholders or actual controllers of the company.

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