Shengtong Corporation: Li Yanqiu, Jia Chunlin and their concerted actions intend to collectively reduce their shareholding in the company by 3%.

Announcement of Shengtong Holdings: The company's controlling shareholder, Li Yanqiu, and his concerted action person, Yimi Fund Yuansheng No. 1 Single Asset Management Plan, shareholder with more than 5% shares, Jia Chunlin, and his concerted action person, Jia Zeping, and Dong Ying, plan to reduce their holdings of the company's shares by a total of no more than 3% through centralized bidding and block trading due to debt repayment and personal fund arrangements. The reduction period is from May 28, 2025 to August 27, 2025.