Jiuyou Co., Ltd.: Disclosed progress of centralized bidding for reduction of holdings and repurchase of shares, no reduction has been made yet.

Friendship Group announced that the company repurchased a total of 31,690,040 shares twice in 2024, accounting for 6.04% of the total number of shares of the company. The repurchased shares will be sold or canceled within the specified period. On September 19, 2025, the company disclosed a reduction plan, intending to reduce no more than 10,480,000 shares from the first repurchase of 2024 within six months from the date of announcement, not exceeding 2% of the total number of company shares. As of November 30, 2025, the company has not yet reduced the repurchased shares. There is uncertainty regarding the quantity, time, and price of this reduction.