Sailing Cable: Lifu Private Placement has reduced its holdings by 0.50%.

Announcement of Qifan Cable: Beijing Lifu Private Equity Fund Management Co., Ltd. originally held 21 million shares, accounting for 5.09%; plans to reduce its holding by no more than 2.0645 million shares. From November 20, 2025 to December 25, 2025, through centralized bidding, they have reduced 2.0645 million shares, accounting for 0.50%, with a transaction price of 16.79 to 18.63 yuan/share, raising 37.1245 million yuan; After the reduction, they hold 18.9355 million shares, accounting for 4.59%. The reduction plan has been fully implemented.