Zhejiang University Net New: Net New Group plans to reduce its shareholding by 0.97%.

Zhejiang University New Media Group announced that its shareholder Zhejiang New Media Group Co., Ltd. holds 74,748,800 shares, accounting for 7.27%. It plans to reduce its holdings through centralized bidding from September 18, 2025 to December 17, 2025, not exceeding 10 million shares, with a reduction ratio of no more than 0.97%. The reduction price will be determined based on the market price at that time.