Xin Hongze: Intends to reduce its shareholding by no more than 1.00% of the company's shares.

Xin Hongze Announcement: The company plans to reduce its repurchased shares by up to 2.304 million shares through centralized bidding, which is not more than 1.00% of the total number of company shares. The reduction period is from July 31, 2025 to October 31, 2025. The company repurchased a total of 7.3061 million shares from February 7, 2024 to May 7, 2024, accounting for 3.17% of the total share capital, with a total payment of RMB 41.26 million. The implementation of this reduction plan will not change the company's controlling interest and will not have a significant impact on the company's operations, finances, and future development.