Cape inspection: the largest shareholder and chairman Yao Zhiqing reduce 3% of the company's shares.

The Cape Town Inspection Notice stated that the major shareholder and chairman Yao Zhiqing, due to personal financial needs, reduced a total of 3.12 million shares through centralized bidding and block trading from March 5 to May 22, 2026, accounting for 3% of the total share capital of the company. The reduction plan has been completed. After the reduction, Yao Zhiqing's shareholding decreased to 13.2812 million shares, accounting for 12.77% of the total share capital. This reduction complies with relevant regulations, does not violate commitments, will not lead to changes in the company's controlling interest, and will not affect the company's governance structure or ongoing operations.