Kai Chun Co., Ltd.: Chunrong Investment reduces its stake by 0.5876%, holdings drop to 4.9999%

Kaichun Co., Ltd. announced that from September 18 to October 14, 2026, Shanghai Chunrong Investment Center, a shareholder holding more than 5% of the company, cumulatively reduced its holdings of the company's shares by 470,100 shares through block trades and centralized bidding, accounting for 0.5876% of the company's total share capital. Before this equity change, Chunrong Investment held 4.47 million shares of the company, accounting for 5.59% of the total share capital; after the change, it held 3,999,900 shares, accounting for 4.9999% of the total share capital. This change will not cause any change in the company's controlling shareholder or actual controller. The reduction plan previously disclosed by Chunrong Investment has not yet been fully implemented, and it does not rule out the possibility of continuing to increase or decrease its holdings of the company's shares in the next 12 months.