Red Bean Co., Ltd.: Changes in the equity of the controlling shareholder and its concerted parties have exceeded multiples of 5%.

Hongdou Co., Ltd. announced that the controlling shareholder, Hongdou Group, and its concerted actors have changed their equity holdings, decreasing from 64.30% to 57.85%, crossing a 5% integer threshold. The changes involve reductions, increases, repurchase and cancellation of restricted stocks, adjustments to the scope of concerted actors, and judicial auctions, among other factors. For instance, on July 3-4, 2026, 81.5 million shares of Hongdou Group were judicially auctioned, and the transfer was completed on August 7. This change does not affect the controlling interest or the company's operations and complies with regulatory requirements.