Bright New Xuteng: Shareholders solemn and pre-IPO employees holding platform are planning to reduce their holdings by no more than 1.50% respectively.

Mingxin Xuteng Announcement: The company's controlling shareholder and actual controller Zhuang Junxin's concerted action person Zhuang Yan and his concerted action person Jiaxing Xuteng Investment Management Partnership Enterprise plan to reduce their holdings by no more than 2,433,000 shares, accounting for 1.50% of the total share capital of the company from December 27, 2025 to March 26, 2026 through block trading or centralized bidding. Zhuang Yan currently holds 28 million shares, accounting for 17.26%; Jiaxing Xuteng Investment Management Partnership Enterprise holds 5 million shares, accounting for 3.08%. This reduction is a voluntary decision due to capital needs and will not affect the company's corporate governance structure and ongoing operations.