Xinghu Technology: The total shareholding ratio of shareholders holding more than 5% has decreased to 10.86%.

Star Lake Technology announced that from October 24 to November 18, 2025, shareholder Tie Xiaorong reduced his holdings of the company's shares by 12.4654 million shares through centralized bidding transactions. After this equity change, Tie Xiaorong and its concerted action person Ningxia Yipin Investment Group Co., Ltd. collectively held a shareholding ratio from 11.61% to 10.86%, touching the 1% threshold. Tie Xiaorong's shareholding ratio decreased from 1.21% to 0.46%, while Ningxia Yipin Investment Group's shareholding ratio remained unchanged. This change does not trigger a tender offer, does not change the company's controlling shareholder or actual controller, and does not affect the company's governance and operation.