Kaichun Corporation: The controlling shareholder and concerted action person have completed the plan to reduce their holdings by 1.31%.

Kai Chun Co., Ltd. announced that its controlling shareholder and actual controller, Wang Li, and the acting in concert person, Xu Lei, completed their reduction plan from February 5 to April 30, 2026. Through centralized bidding and block trading, a total of 1,046,500 shares were reduced, accounting for 1.31% of the total share capital. After the reduction, their combined holdings decreased to 47.19%. This reduction is in accordance with relevant regulations, not in violation, and will not result in a change in control of the company, with no significant impact on corporate governance and operations.