Bear Electric: Tai Niu 1 completes the reduction of 0.36% of the company's shares.

Xiaoxiong Electrical Appliances Announcement: The shareholder Xiamen Tainiu Private Equity Fund Management Co., Ltd. - Jingxing Zhenxing Tainiu 1 Private Equity Securities Investment Fund's reduction plan has reached its expiration. Through centralized bidding trading, Tainiu 1 reduced its holdings by 560,000 shares in the price range of 45.4 yuan/share to 46.84 yuan/share from April 30 to May 9, 2025, accounting for 0.36% of the total share capital of the company. After the reduction, Tainiu 1's holding of company shares decreased from 1.86 million shares to 1.3 million shares, and the proportion of total share capital decreased from 1.20% to 0.84%. The implementation of this reduction plan is consistent with the previously disclosed intentions, plans, and commitments, and will not affect the company's controlling rights, governance structure, and ongoing operations.