Qinshang shares: Terminate the plan to reduce the repurchased shares by 1.15%.

Qinshang Holdings Announcement: On October 24, 2025, the company approved the proposal for the centralized competitive auction reduction plan for repurchasing shares. The company plans to reduce the repurchased A shares by 16.49 million shares, accounting for 1.15% of the total share capital, from November 19, 2025 to May 19, 2026. As of the date of the announcement, the plan has not been implemented; the company called a board meeting on February 2, 2026, and decided to terminate the reduction plan.