According to the announcement of Shunhao Co., Ltd., the controlling shareholder of the company, Shunhao Investment Group Co., Ltd. reduced its holdings by 3.98 million shares through bulk transactions from November 9 to November 10, 2026, accounting for 0.38% of the company's total share capital. After this equity change, the total shareholding ratio of Shunhao Investment and Wang Dan, its co-actor, fell from 21.28% to 20.91%, and the equity change hit an integer multiple of 1%. This holdings reduction is consistent with the previously disclosed holdings reduction plan. The amount of holdings reduction is within the scope of the plan. Currently, the holdings reduction plan is still being implemented and will not result in a change in the company's control.

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