Industrial Bank: Controlling shareholder and concerted action party reduce their holdings by 2.62 million shares, bringing their shareholding percentage down to 65.97%.

Xingye Group announced that Ms. Cao Lianying, one of the company's controlling shareholders and actual controllers, has reduced her holdings by 2.62 million shares through centralized bidding from January 12 to March 24, 2026, accounting for 1.00% of the total share capital of the company. The total amount of the reduction is 44.7252 million yuan, and the reduction plan has been completed. After this equity change, Ms. Cao Lianying's holdings have decreased to 3.94797 million shares, and the shareholding ratio of the controlling shareholders, actual controllers, and their concerted parties has decreased from 66.97% to 65.97%. This will not lead to a change in the controlling shareholder or actual controller, and will not trigger a mandatory takeover offer.