Xingye Technology: The major shareholder has reduced its holdings by 8.8665 million shares, and the reduction plan has been completed.

Xingye Technology announced that the implementation of the reduction plan by major shareholder Chunhong Investment has been completed. In the 2025 disclosure reduction pre-disclosure announcement, it plans to reduce its holdings by no more than 8.8665 million shares, accounting for 3% of the total share capital. As of the close of February 26, 2026, it reduced 2.9555 million shares through centralized auction trading, accounting for 1%, at an average price of 14.51 yuan per share; and reduced 5.911 million shares through block trading, accounting for 2%, at an average price of 12.73 yuan per share. After the reduction, Chunhong Investment's shareholding decreased to 22.5975 million shares, accounting for 7.65%. This reduction did not violate regulations, did not result in a change in the company's controlling interest, and did not affect corporate governance and operations.