Shanghai Xinyang: Shanghai Xinketouzi plans to reduce its shareholding in the company by no more than 0.64%.

Shanghai Xinyang announcement, shareholder Shanghai Xinke Investment Co., Ltd., holding more than 5% of the shares, plans to reduce its holdings by no more than 2 million shares, or 0.64% of the total share capital of the company, through centralized bidding or block trading from May 29, 2025 to August 28, 2025.