Zhejiang University Net New plans to sell 48.6 million shares of Wanliyang stock.

On September 26, 2025, Zhejiang New Internet Technology Co., Ltd. held the ninth meeting of the eleventh board of directors, and approved the proposal on the sale of Wanliyang shares. The company plans to sell 48.6 million shares of Zhejiang Wanliyang Co., Ltd. purchased in 2020 through the secondary market, with an estimated transaction amount of 474.822 million yuan and a book cost of 410.184 million yuan. The authorization period is 12 months from the date of approval by the board of directors. This transaction does not constitute a related party transaction or a major asset restructuring. If the amount involved reaches the shareholder meeting approval standard in the future, the company will convene a separate shareholder meeting for approval.