Xin Hongze: Controlling shareholder reduced its holdings to a multiple of 1%.

Xinhongze announcement stated that the company's controlling shareholder, Yize Holdings, had previously planned to reduce its holdings by no more than 6.7619 million shares, or less than 3% of the total share capital, through centralized bidding and block trading within 3 months after 15 trading days from October 16, 2025. From November 7 to November 18, Yize Holdings reduced its holdings by 730,000 shares through centralized bidding trading, decreasing its shareholding ratio from 61.28% to 60.96%, reaching a multiple of 1%, and the reduction plan has not been completed yet.