Jiuzhou Group: Li Yin and other shareholders have completed the reduction of their holdings, which did not exceed the plan and did not affect their controlling rights.

Jiuzhou Group announced that shareholder Li Yin reduced his holdings by 785,000 shares through centralized bidding on May 13-14, 2026, accounting for 0.1220% of the total share capital; Liu Fuli reduced his holdings by 12,599 shares from May 6 to June 1, accounting for 0.0020%. Lu Zhiguo and Gao Ming did not reduce their holdings. After the reduction, Li Yin's shareholding decreased to 13.219% and Liu Fuli's decreased to 0.0059%. This reduction is in compliance with regulations, did not exceed the plan, will not result in a change in control of the company, and will not affect the company's governance structure and continuous operation.