Changlian Co., Ltd.: Directors Xu Feng and Chen Wenye plan to reduce their shareholdings by 0.57% and 0.20% respectively.

Changlian Co., Ltd. announcement, as of the disclosure date of this reduction plan, Director and General Manager Xu Feng holds 4.7204 million shares of the company, accounting for 1.30%; Director and Vice General Manager Chen Wenye holds 1.6832 million shares, accounting for 0.46%. From the date of the announcement to three months after fifteen trading days, that is, from December 4, 2025 to March 3, 2026, Xu Feng intends to reduce no more than 2.0652 million shares, accounting for 0.57%, through centralized bidding. Chen Wenye intends to reduce no more than 736,400 shares, accounting for 0.20%, through centralized bidding. The reduction price will be determined based on the market price. If the company undergoes bonus shares, capital reserves increase, or rights issues during this period, the intended reduction quantity will be adjusted accordingly.