Xinshai Co., Ltd.: Shareholder Zhu Guanlan plans to reduce his shareholding by no more than 1%.

Xinshai Co., Ltd. announced that Zhu Guanlan, a shareholder holding more than 5% of the shares and the director and general manager, currently holds 39,988,880 shares, accounting for 16.5837% of the total equity of the company. It is planned to reduce the holding by no more than 2,411,300 shares through centralized bidding within three months after the announcement of the reduction plan. The reduction plan will take effect from 15 trading days after the announcement until May 5, 2026. The number of shares to be reduced does not exceed 1% of the total equity of the company, and not more than 25% of the shares held. The shares to be reduced were all issued before the initial public offering. The total equity of the company is 241 million shares.