Huangshanghuang announced that on October 29, 2026, Xinyuhuang Shanghuang Investment Management Center, the controlling shareholder of the company, reduced its holdings by 7491 million shares, accounting for 0.13% of the total share capital, and reduced its holdings by 3.75 million shares, accounting for 0.67% of the total share capital through bulk transactions. In total, 4.491 million shares were reduced, accounting for 0.80% of the company's total share capital. After this change in equity, the total shareholding ratio of the controlling shareholders and their co-actors fell from 62.21% to 61.41%, which is an integer multiple of 1%. The current holdings reduction is in line with the previously disclosed holdings reduction plan. Currently, the holdings reduction plan has not been implemented. It does not touch on the proposed acquisition, and will not lead to changes in the company's controlling shareholders and actual controllers.

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