Baicheng Corporation: Multiple shareholders plan to reduce their holdings.

Announcement from Bairui Corporation: Directors and senior executives L Guangshuai, Zhang Jiyong, and Chen Yingxu have collectively reduced their holdings by 138,000 shares through centralized bidding from September 22, 2025 to December 21, 2025, accounting for 0.0261% of the total share capital. The reduction plan has been completed. L Guangshuai reduced holdings by 54,000 shares; Zhang Jiyong reduced holdings by 54,000 shares; Chen Yingxu reduced holdings by 30,000 shares. After the reduction, L Guangshuai and Zhang Jiyong each hold 162,000 shares, accounting for 0.0307%; Chen Yingxu holds 90,000 shares, accounting for 0.0170%.