Hong Rida: Controlling shareholder Wang Yutian and its concerted parties plan to reduce their shareholding by no more than 2%.

Hong Rida Announcement, controlling shareholder and actual controller Wang Yutian and his acting in concert party Kunshan Haoxunyu Enterprise Management Co., Ltd. plan to collectively reduce their holdings of the company's shares through block trades from June 17, 2026 to September 16, 2026, not exceeding 4.1271 million shares. Among them, Wang Yutian plans to reduce his holdings by no more than 2.0635 million shares, and Kunshan Haoxunyu plans to reduce its holdings by no more than 2.0635 million shares. The reason for the reduction is the shareholders' own capital needs, and the reduction price shall not be lower than the company's initial public offering price.