Yueyang Xingchang: Shareholder Changlian Xingchang plans to reduce its shareholding by no more than 0.60%.

Notice of Yueyang Xingchang: Shareholder Hunan Changlian Xingchang Enterprise Service Co., Ltd., holding 7.81% of the shares, holds 28.841 million shares. It is planned to reduce holdings by no more than 2.2 million shares through centralized bidding from December 23, 2025 to March 22, 2026, accounting for 0.60% of the total share capital. The reduction percentage in any consecutive 90 days shall not exceed 1%; the reduction price shall be determined based on the market price at that time, and the shares are from the shares before the equity division reform. The reason for the reduction is for its own operational and management needs.