Jinzhong Group: The combined shareholding ratio of the controlling shareholder and the actual controller has been passively diluted to 63.86%.

Golden Bell Group announced that on December 18, 2025, due to continued conversion of "Golden Bell Convertible Bonds" and the completion of the 2022 Restricted Stock Incentive Plan related share registration, the total share capital of the company increased. The controlling shareholder Guangzhou Sichenrui, the actual controller Xin Hongping, and their concerted parties' combined shareholding ratio decreased from 65.59% to 63.86% passively, with the equity change affecting a multiple of 5%. This does not involve an increase or decrease in shareholding, does not trigger a tender offer, and does not affect the company's control, governance structure, and continuous operation.