Three Sheep Horse: Shareholder Zhang Kan has completed the reduction of 0.13% of shares.

SanYang Ma announced that the former director and senior management of the company, Zhang Kan, sold a total of 113,100 shares through centralized bidding transactions on December 5th and December 11th, 2025, with each selling 113,100 shares. This represents 0.13% of the total share capital of the company, with an average selling price of 42.58 yuan per share. After this sale, Zhang Kan no longer holds any shares in the company.