Huaxi Securities: Shareholder Jiannanchun Corporation reduced its holdings by 13.125 million shares, reducing its stake to 6.29%.

Huaxi Securities announced that Jian Nanchun Company, which holds 6.79% of the company's shares, originally planned to disclose within 15 trading days after the announcement date on September 25, 2025, to reduce a total of no more than 26.25 million shares within 3 months, not exceeding 1% of the total share capital. By the deadline of January 26, 2026, Jian Nanchun Company reduced its holdings by 13.125 million shares through centralized auction trading, accounting for 0.5% of the total share capital, with an average reduction price of 9.56 yuan per share and a reduction price range of 9.17 - 10.55 yuan per share. After the reduction, Jian Nanchun Company's holdings decreased to 165.2046 million shares, accounting for 6.29% of the total share capital. This reduction did not violate regulations and will not result in a change of control of the company.