Nine Continents Group: Shanghai Muxin Private Equity Fund Management Co., Ltd. plans to reduce its shareholding in the company by no more than 1.7644%.

Jiuzhou Group Announcement: The actual controller of Jiuzhou Group, Shanghai Muxin Private Equity Fund Management Co., Ltd. - Muxin Tianzehui 3 Private Equity Securities Investment Fund Plan, plans to reduce its holdings by no more than 10,639,200 shares, accounting for 1.7644% of the total share capital of the company, through centralized bidding or block trading from June 3, 2025 to September 2, 2025. In addition, shareholders Li Bin and Lu Zhiguo plan to reduce their holdings by 62,995 shares, each accounting for 0.0104% of the total share capital of the company. The reason for the reduction is the shareholders' own funding needs.