Wanfeng Corporation: Specific shareholders plan to reduce their shareholding by no more than 1.75% of the company's shares.

Wanfeng Corporation announced that as of the disclosure date of the announcement, shareholder Zhoushan Ruihao holds 1.75% of the company's shares as a specific shareholder. Due to its own capital needs, Zhoushan Ruihao plans to reduce its holdings through block trading from December 12 to March 11, 2026, not exceeding 2.3324 million shares, or not exceeding 1.75% of the total share capital of the company. The reduction price will be determined based on market price. There is uncertainty in the implementation of the reduction plan, but it will not result in a change in the control of the company, nor will it have a significant impact on the company's operations.