Sharpay: Shanghai Jingxing plans to reduce its holding by 3%

Sapsis Announcement: Shareholder Shanghai Jingxing intends to reduce its holdings from October 10, 2025 to January 9, 2026 through centralized bidding and block trading, with a total reduction of no more than 11.2778 million shares, accounting for 3.0000% of the total shares of the company. Among them, the reduction through centralized bidding will not exceed 3.7593 million shares, accounting for 1.0000%; the reduction through block trading will not exceed 7.5185 million shares, accounting for 2.0000%. As of September 26, 2025, Shanghai Jingxing holds 12.9827 million shares, accounting for 3.4535%.