Ao Jie Technology: Alibaba Network Technology Co., Ltd. reduced its share holdings by 1.3% from November 24 to December 1.

Aojie Technology announced that Alibaba Network Technology Co., Ltd. reduced its stake in the company by 5,439,008 shares through centralized bidding and block trading from November 24 to December 1, 2025, reducing its percentage of total share capital from 13.99% to 12.69%. The equity change touched the 1% threshold. This equity change is a voluntary reduction by the shareholder, does not involve a tender offer, will not result in a change in the actual controller of the company, and will not have a significant impact on the company's governance structure and ongoing operations.