Jiu Liang Co., Ltd.: Zhuo Chuguang and Guo Shaoyan intend to transfer 8.56% stake of the company through an agreement.

Jiuliang Co., Ltd. announced that shareholders Zhao Chuguang, Guo Shaoyan, and Huailong Investment have signed a stock transfer agreement to transfer 13.7 million shares of the company's unrestricted tradable shares held by them to Huailong Investment, accounting for 8.56% of the total number of company shares. The transfer price is 24.41 yuan per share, with a total transaction price of 334 million yuan. This change in equity will not result in a change in the control of the company's controlling shareholder, actual controller, or their concerted action parties, and will not have a significant impact on the company's financial condition and ongoing operations.