Guangdong Mingzhu: The equity ratio of the controlling shareholder and its concerted action person decreased by 1.78%.

Guangdong Pearl announced that on May 19, 2026, the company's actual controller Zhang Jianli reduced his shareholding in Xingning Zhongyifu by 12.4 million shares through block trading to repay the performance commitment compensation. This represents 1.78% of the total share capital, reducing his shareholding from 5.79% to 4.01%. The total shareholding of the controlling shareholder and its concerted action parties decreased from 34.03% to 32.25%. This equity change does not trigger a mandatory tender offer, does not result in a change in the controlling shareholder or actual controller, and does not affect the company's governance and operations.