The new controlling shareholder and the acting in concert shareholder reduced their shareholding, bringing their ownership percentage down to 53.96%.

Hangzhou New Coordinates Technology Co., Ltd. announced that the actual controller of the company, Ms. Hu Xin, and her concerted actors, Mr. Yao Guoxing and Ms. Xu Fang, conducted a reduction of 627,700 shares of the company through centralized bidding trading from September 19 to 25, 2025. The total shareholding percentage of Ms. Hu Xin and her concerted actors decreased from 54.42% to 53.96%, reaching the 1% threshold. This reduction is in accordance with the previously disclosed plan, does not involve a tender offer, does not violate any commitments, and will not result in a change in the company's controlling rights or have a major impact on its operation. As of the announcement date, the reduction plan has not been fully implemented, and the company will continue to disclose progress.