Chutian Dragon, which has been trading limit up for two consecutive days, one of the controlling shareholders of the company and acting in concert with others, collectively reduced their holdings of the company's shares by 262,000 shares during a period of abnormally volatile stock trading.

Chutian Long announced that the company's stock has seen a deviation in closing price for two consecutive trading days, with the cumulative increase exceeding 20%, indicating unusual volatility in stock trading. Upon investigation, one of the company's controlling shareholders and concerted actors, Wenzhou Yima Enterprise Management Center, has disclosed a reduction plan on May 9, 2025, and has reduced the company's shares by 262,000 shares during this period of abnormal stock trading, which is consistent with the previously disclosed reduction plan and does not involve any illegal reduction.