Zhengyuan Wisdom: Yikang Investment, Zhenghao Investment, and Chen Ying plan to jointly reduce their holdings of the company's stock by 1.637%.

Zhenyuan Wisdom Announcement: Shareholders Hangzhou Yikang Investment Management Co., Ltd. plans to reduce their holdings by no more than 1,259,000 shares, accounting for 0.907% of the total share capital after deducting the shares held in the company's repurchase special account. Shareholders Hangzhou Zhenghao Investment Management Co., Ltd. plans to reduce their holdings by no more than 1,013,400 shares, accounting for 0.730% of the total share capital after deducting the shares held in the company's repurchase special account. Among them, Ms. Chen Ying, a former director, holds 618,900 shares of Zhenyuan Wisdom indirectly through Zhenghao Investment, accounting for 0.446% of the total share capital after deducting the shares held in the company's repurchase special account. Yikang Investment, Zhenghao Investment, and Chen Ying plan to collectively reduce their holdings by no more than 2,272,400 shares, accounting for 1.637% of the total share capital after deducting the shares held in the company's repurchase special account. The reduction period is within 3 months after 3 trading days from the date of announcement disclosure. The reduction price will be determined based on the market price and trading conditions, and will not be lower than the initial public offering price of the company's stock.