Jin Hongshun shareholder Gaode Investment reduced its holdings, and the change in equity touched the 1% threshold.

Announcement from Suzhou Jinhongshun Automobile Parts Co., Ltd., shareholder Gaode Investment Co., Ltd. reduced its stake in the company by 722,600 shares, representing 0.4% of the total share capital, through centralized bidding from September 11 to 17, 2025. Its shareholding ratio decreased from 17.32% to 16.92%, triggering a change in equity of a multiple of 1%. This change in equity is part of the previously planned reduction and does not involve a tender offer or require disclosure of an equity change report. The reduction is a normal behavior and will not have a significant impact on the company's governance or operations, nor will it result in changes in controlling shareholders or actual controllers. The shareholders reduction plan has not been completed yet, and the company will disclose further information in a timely manner.