Shannon Core Innovation: Shareholder Wuxi High-tech Zone has reduced its holdings by 0.9926%, and the remaining un-reduced shares will no longer be reduced within the planned time frame.

Shannon Core Announcement: As of December 3, 2025, Shareholder Wuxi High-tech Zone New Dynamic Energy Industrial Development Fund has reduced its holding of the company's shares by 4.6145 million shares through centralized bidding, accounting for 0.9926% of the company's current total share capital, with an average transaction price of 164.27 yuan per share. Its shareholding has decreased from 23.7934 million shares, 5.12%, to 19.1789 million shares, 4.13%, no longer a shareholder holding more than 5%. The shareholder has decided to terminate the original plan to reduce its holding by no more than 4.6377 million shares from November 11, 2025 to February 10, 2026 ahead of schedule. The remaining shares not yet reduced will no longer be reduced within the planned period.