Li Hu and Tian Hua, the controlling shareholders and actual controllers of Two Consecutive Boards De Mingli, have completed their planned reduction of shareholding.

DeMingLi released a public announcement about the abnormal fluctuations in stock trading. Upon investigation, the company's controlling shareholder and actual controller, Li Hu, reduced his holdings of the company's stock by 224,300 shares through block trades on September 19, 2025. On the same day, the company disclosed a announcement stating that the implementation of the reduction plan by the controlling shareholder and actual controller has been completed. Li Hu reduced his company shares by a total of 4,176,500 shares, while Ms. Tian Hua reduced her shares by a total of 220,000 shares through Silver Source. After this reduction, the combined shareholding percentage of Li Hu and Mrs. Tian Hua in the company has changed from 36.90656% to 34.99997%. This reduction plan has been fully implemented.