Xuedilong: Intends to reduce holdings by no more than 6.3576 million shares, accounting for 1% of the total share capital.

Suedragon Announcement: The company's board of directors has approved a resolution regarding a concentrated bid reduction plan for repurchasing shares. The company plans to reduce part of the repurchased shares through concentrated bid trading, with a reduction of not more than 6.3576 million shares, accounting for 1% of the company's total share capital. The reduction implementation period is within three months after 15 trading days from the date of announcement, from August 27, 2025 to November 27, 2025. The reduction price will be determined based on the secondary market price at the time of reduction. The funds obtained from the reduction will be used to supplement the company's working capital for daily operations. This reduction will not lead to changes in the company's control and total share capital. The company's board of directors ensures that the information disclosure is true, accurate, and complete.