Manor Ranch: Shareholders holding more than 5% and directors reduce their holdings, resulting in a decrease in the shareholding ratio to 14.77%.

The announcement of the manor ranch stated that shareholder and director Ma Hongfu, who owns more than 5% of the shares, reduced his holdings by 457,500 shares on February 2 through block trading, accounting for 0.23% of the total share capital. His shareholding percentage decreased from 15.00% to 14.77%, reaching a multiple of 1%. This reduction is in compliance with regulations and consistent with the pre-disclosure plan, it will not result in a change in the company's control rights, and will not affect daily operations. As of the announcement date, his reduction plan has not yet been fully implemented.