ST Min: Shareholders holding more than 5% of shares, Gao Baolin and its concerted actors, reduced their holdings.

ST announcement stated that shareholders holding more than 5% of the shares, Gao Baolin and his concerted action person Wang Mingxian, plan to reduce their holdings by no more than 19,792,100 shares due to their own capital needs. From January 29th to February 6th, 2026, Gao Baolin reduced his holdings by a total of 7,442,700 shares through block trades and centralized competitive bidding, while Wang Mingxian did not reduce his holdings. After this reduction, the combined shareholding ratio of the two decreased from 10.00% to 8.87%, reaching a multiple of 1%. As of the disclosure date of the announcement, Gao Baolin has reduced his holdings by a total of 16,092,000 shares, and the reduction plan has not yet been completed. This reduction will not affect the company's control rights, governance structure, and continuous operation.