Zhejiang Shibao: Controlling shareholder Shibao Holdings reduces its holdings by 9.1282 million shares, accounting for 1.11% of the total share capital.

Zhejiang Shibao Announcement: The closing price of the company's A shares has deviated by more than +20% for three consecutive trading days. After the company's self-inspection and verification with the controlling shareholder, the company's recent operating conditions are normal, and there have been no significant changes in the internal and external operating environment. There are no major events that should be disclosed but have not been disclosed. However, the controlling shareholder Zhejiang Shibao Holdings Group Co., Ltd. collectively reduced its holdings of the company's A shares by 9.1282 million shares on May 22, 2026, accounting for 1.11% of the company's total share capital. The reduction of holdings is in compliance with the disclosed reduction plan.