Wan Liyang: Shareholders holding more than 5% of shares reduce their holdings by 16.1488 million shares.

Van Liyang announced that shareholder CR Trust Huaying 16th Plan intends to reduce its holdings by no more than 26.252 million shares, or 2% of the total share capital, through block trades within 3 months after October 28, 2025. From January 20 to February 13, 2026, it has completed the reduction by selling a total of 16.1488 million shares through block trades, accounting for 1.23029% of the total share capital, with an average selling price of 9.02 yuan per share. After the reduction, CR Trust Huaying 16th and its concerted action persons together hold 136 million shares, accounting for 10.36222% of the total share capital. The completion of this reduction plan upon expiration will not affect the company's control and operation stability.