Mai Xinlin: The shareholding of shareholders with more than 5% of the shares has been passively diluted to below 5%.

Maylin Announcement stated that on November 12, 2025, the company completed the registration of the first vesting period shares under the 2024 restricted stock incentive plan, increasing the total issued share capital to 146,851,667 shares. Due to the increase in total share capital, shareholders Bai Bing and Xu Yinghui's shareholding ratios both decreased from 5.00% to 4.95%, no longer qualifying as shareholders holding 5% or more. This equity change is a passive dilution, does not involve buying or selling of shares, does not trigger a mandatory offer, will not change the controlling shareholders or actual controllers, will not affect corporate governance and operations, and does not require the issuance of a "Simplified Equity Change Report."