According to the announcement of Qinshang Co., Ltd., the company previously planned to reduce its repurchased shares by no more than 16.498.65 million shares through centralized bidding, accounting for 1.15% of the company's total share capital. As of October 30, 2026, the company has reduced its holdings and repurchased shares by a total of 7 million shares through centralized bidding transactions, accounting for 0.49% of the company's total share capital. The total transaction price was 25.247 million yuan, the highest transaction price was 3.67 yuan/share, the lowest price was 3.55 yuan/share, and the average price was 3.61 yuan/share. The current holdings reduction complies with the disclosed holdings reduction plan and related regulations, and there is uncertainty about the implementation of the subsequent holdings reduction plan.

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