He Sheng Holdings: The total shareholding of shareholders has decreased to 36.97%, and the reduction plan has not been completed.

Ying Sheng Co., Ltd. announced that on November 27, 2025, Li Jiang, Bin Jiancun, and Li Qing plan to collectively reduce their holdings by a total of no more than 9.2988 million shares within three months, or 3% of the total share capital. Recently, the company received a notice from the four individuals, informing that their collective shareholding ratio had decreased from 37.78% to 36.97%. On December 5, 2025, due to the issuance of incentive plan awards, the total share capital of the company increased, leading to passive dilution of the holdings of the four individuals. From January 27 to February 12, 2026, Bin Jiancun and Li Qing collectively reduced their holdings by 2.0852 million shares, accounting for 0.67% of the total share capital. As of now, the reduction plan has not been fully implemented.