YJ Holding: Shareholder Shenzhen Ruiheheng intends to reduce its stake by no more than 3%.

Yongzhen Securities Announcement: Shareholder Shenzhen Ruiheheng holds 27.8035 million shares, accounting for 11.72%. They plan to reduce their holdings by no more than 7.1177 million shares, or 3%, through centralized bidding or block trading within 3 months after the announcement, starting from 15 trading days later. Among them, centralized bidding will not exceed 2.3726 million shares, or 1%, and block trading will not exceed 4.7451 million shares, or 2%. The reduction period is from January 21, 2026 to April 20, 2026, and the reduction price will be determined based on the market price at that time.