"Mountains beyond mountains: Major shareholders and senior executives' share reduction plan expiration disclosure results"

Shanwaishan announced on September 12, 2025, that major shareholder Dajiankang and director/vice general manager Ren Yingxiang would implement a reduction plan from October 14, 2025, to January 11, 2026. By the end of the period, Dajiankang reduced 85,661 shares through centralized bidding, accounting for 0.03% of the total share capital, with a reduction amount of 1.4001 million yuan, and failed to complete the reduction of 12,698,363 shares; Ren Yingxiang reduced 248,265 shares, accounting for 0.08%, with an amount of 4.2006 million yuan, and failed to complete the reduction of 1,274 shares. The current shareholding ratios of Dajiankang and Ren Yingxiang are 8.79% and 0.23%, respectively. This reduction is compliant and consistent with the plan.