Wald: Multiple Shareholders Have Reduced their Stake

Wald Notice: Yan Nuo, Pang Hong, Chen Tao, Li Qinghua, Tang Wenlin, Zhang Zongchao, Fan Xiaoyan, and Zhang Shifeng will implement a reduction plan from December 24, 2025 to March 23, 2026. They have respectively reduced their holdings through centralized bidding by 524,100 shares, 399,300 shares, 300,000 shares, 191,800 shares, 141,700 shares, 192,700 shares, 51,800 shares, and 14,500 shares, corresponding to 0.35%, 0.26%, 0.20%, 0.13%, 0.09%, 0.13%, 0.03%, and 0.01% of the share capital.