Kailun Holdings: Wang Li and Xu Lei plan to collectively reduce their holdings of company shares by no more than 1%

Kai Chun Co., Ltd. announcement: Controlling shareholder and actual controller Wang Li, along with concerted action person Xu Lei, plan to collectively reduce their holdings of the company's shares by no more than 800,000 shares, or 1% of the total share capital, through centralized bidding and/or block trading between June 11, 2025 and September 10, 2025. Wang Li plans to reduce holdings by no more than 630,000 shares, or 0.7875% of the total share capital; Xu Lei plans to reduce holdings by no more than 170,000 shares, or 0.2125% of the total share capital. The reason for the reduction is the shareholders' need for funds. The reduction price will be determined based on market prices, and will not be lower than the company's initial public offering price.