Bai Chuan Co., Ltd.: Zheng Tiejian plans to reduce his holdings by 3.00% within 3 months.

Baichuan Co., Ltd. announced that the major shareholder Zheng Tiejian, who holds 84.33 million shares accounting for 14.19% of the total shares, plans to reduce his holding by no more than 5.9426 million shares through centralized bidding and no more than 11.8851 million shares through block trades from September 4, 2025 to December 3, 2025. The total reduction will not exceed 17.8277 million shares, accounting for 3.00% of the company's total share capital. The reason for the reduction is personal funding needs.