De Mingli: Shareholder Wei Hongzhang reduced his stake by 0.34475% to below 5%.

On November 7, 2025, the shareholder Wei Hongzhang announced that he reduced his holdings by 782,200 shares through competitive trading, accounting for 0.34475% of the company's total share capital. His direct shareholding decreased from 12.1265 million shares to 11.3443 million shares, with a shareholding ratio of 4.99998%, which has decreased to below 5% and reached integer multiples of 1% and 5%. This equity change does not lead to a change in the company's controlling shareholder or actual controller, and falls within the scope of the disclosure of the reduction plan on October 16, 2025. The shareholder intends to continue implementing this plan.