Zhongyuan Home: Controlling shareholder Cao Yong reduces holdings of 1.6 million shares, equity changes touch the 1% threshold.

Zhongyuan Home Furnishing announced that on November 24, 2025, the controlling shareholder Cao Yong reduced his holdings of the company's shares by 1.6 million shares through block trades, accounting for 1.27% of the total share capital. The combined shareholding of him and persons acting in concert decreased from 68.97% to 67.70%, triggering a change in ownership of more than 1%. This reduction is in accordance with the previously disclosed reduction plan, does not involve a tender offer, is consistent with the disclosed plans and commitments, and will not result in a change of the company's controlling shareholder or actual controller. After the reduction, Cao Yong is still in the implementation period of the reduction plan, and the company will urge him to comply with the regulations and disclose changes in shareholding in a timely manner.