Lai Yifeng: Controlling shareholder reduces holdings, equity changes touch 1% threshold.

From September 24th to 26th, 2025, Shanghailaiyifen Holdings' controlling shareholder, Shanghai Aiwu Enterprise Management Co., Ltd., reduced its holdings through centralized bidding by 2.190517 million shares and block trading by 3.34 million shares according to the reduction plan. After this equity change, the total shareholding ratio of the controlling shareholder and its concerted action parties decreased from 62.79% to 61.14%, triggering a 1% threshold. This reduction does not trigger a takeover offer, is consistent with previous plans and commitments, and has not been fully executed. This change is a normal reduction and will not change the company's controlling interest or controlling shareholder, and will not affect corporate governance and operations, nor harm the interests of the company and shareholders. The company will continue to disclose progress.