Chao Hongji announced that Dongguan Group, the shareholder holding more than 5% of the company's shares, reduced its holdings by 10 million shares through a bulk transaction on November 4, 2026, accounting for 1.13% of the company's total share capital. After this equity change, Dongguan Group's shareholding ratio was reduced from 7.67% to 6.54%, and the equity change hit an integer multiple of 1%. This holdings reduction is in line with the previously disclosed holdings reduction plan. The holdings reduction plan has not yet been implemented, will not lead to a change in the company's control, and will not have a significant impact on the company's operations.

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