Research Institute: Shareholder Chu Ying plans to reduce her holdings by no more than 0.0072% of the company's shares.

Announcement of the Research Institute: Shareholder and supervisor Chu Ying holds 174,700 shares of the company, accounting for 0.0351% of the current shares. Due to personal financial needs, it is planned to reduce the number of company shares through centralized bidding not exceeding 36,000 shares, accounting for 0.0072% of the total share capital. The reduction period is from August 14, 2025 to November 13, 2025. In addition, shareholder holding over 5% and director Wu Qichao holds 25,526,900 shares of the company, accounting for 5.1346% of the current shares. Due to personal financial needs, it is planned to reduce the number of company shares through centralized bidding not exceeding 4,950,000 shares, accounting for 0.9957% of the total share capital. The reduction period is also from August 14, 2025 to November 13, 2025.