Sharpay Technology: Shareholder Chen Dekang, who holds more than 5% of the shares, reduced his stake, and his shareholding decreased to 10.87%.

SAP announced that shareholder Chen Dekang reduced his shareholding due to personal financial needs. From June 5 to December 3, 2025, his holding decreased from 44.881004 million shares to 40.660004 million shares, and the proportion dropped from 11.94% to 10.87%, through centralized bidding. This change is in accordance with the previously disclosed reduction plan, does not involve a takeover bid, and is consistent with the disclosed plans and commitments. The reduction plan has not been fully implemented and will not affect the company's governance structure, continuous operation, or change in controlling shareholders.