Morgan Stanley: Silver Emperor and others reduce their holdings by 2.33% from June to September.

Announcement of Mengguli: Beijing Yindi Investment Co., Ltd. and its concerted action person Lianyungang Honglai Enterprise Management Partnership Enterprise, and Yancheng Xinli Cheng Technology Co., Ltd. reduced their holdings by a total of 10.701 million shares through centralized bidding and bulk trading from June 23, 2025 to September 22, 2025, with a reduction ratio of 2.33%; Lu Chunquan and its concerted action person Qingcheng Purun Cube Investment Partnership Enterprise reduced their holdings by a total of 5.6641 million shares during the same period, with a reduction ratio of 1.23%. After the reduction, the two parties hold 7.80% and 4.91% of the shares respectively.