Zhongchong Shares: Shareholder Tong Yichun Xiaoxiao 19 plans to reduce his shareholding in the company by no more than 1.50%.

Zhongchong announced that one of the controlling shareholders, Shanghai Tongyi Investment Management Co., Ltd. - Tongyi Chunxiao 19th Private Equity Securities Investment Fund, plans to reduce its holding of the company's shares by no more than 4.56 million shares, or 1.50% of the total share capital, within three months after the announcement date. The reduction will be conducted through block trades and/or concentrated bidding transactions. The selling price will be determined based on market price and trading method. The implementation of this reduction plan will not lead to a change in control of the company, nor will it have a significant impact on the company's governance structure and ongoing operations.