Five Continents New Year: Three executives plan to reduce their shareholding by 0.0061%, 0.0067%, and 0.0037% respectively.

Five Continental Spring Announcement: Due to personal financial arrangements, senior management Qin Yi, Xu Rongbin, and Wu Hongying plan to reduce their company's shares through centralized bidding within 3 months after the disclosure date of the announcement for 15 trading days. Qin Yi plans to reduce his holding by no more than 22,500 shares, accounting for 0.0061% of the total share capital of the company; Xu Rongbin plans to reduce his holding by no more than 24,500 shares, accounting for 0.0067% of the total share capital of the company; Wu Hongying plans to reduce her holding by no more than 13,500 shares, accounting for 0.0037% of the total share capital of the company. The reduction price will be determined based on market prices.