New Torch Network: Cheng Yongxin reduced his shareholding by 1.00%.

Public Announcement of Xinku Network: Shareholder and Director/Deputy General Manager Cheng Yongxin, holding more than 5% of the shares, has reduced the company's shares by 1.6271 million shares, accounting for 1.00% of the total share capital of the company, through centralized bidding from August 9, 2025, to September 12, 2025. The reduction price range was between 30.68 and 39.4 RMB per share, with a total transaction amount of 53.4731 million RMB. After the reduction, Cheng Yongxin holds 8.2422 million shares, accounting for 5.07% of the total shares. The reduction plan has been completed.