Jiangyan Group: Shareholding reduction by shareholders holding more than 5% results in equity changes reaching the 1% threshold.

The Jiangyan Group announced that its shareholder, Ningbo Xinda Hanshilongji Equity Investment Partnership, plans to reduce its holdings by no more than 6.4278 million shares through centralized bidding within three months after 15 trading days starting from July 14, 2026, due to the need for business development. As of August 10, it has reduced its holdings by 1.69 million shares, accounting for 0.26% of the total share capital, and the ownership ratio after the equity change has decreased from 12.13% to 11.87%, reaching the 1% threshold. This reduction has not yet been completed, will not result in a change of the actual controller, and does not trigger a mandatory offer.