Xueqi Electric: Shareholder Zhidao Investment completes reducing its holdings by 2.9886%.

SnowQ Electrical Announcement: Shareholder Anhui Zhidao Investment Co., Ltd., holding more than 5% of the shares, has completed the implementation of the reduction plan. From March 3, 2026 to May 7, 2026, 1.82 million shares were reduced through centralized auction at an average price of 13.96 yuan per share, accounting for 0.9944% of the total share capital. Through block trading, 3.65 million shares were reduced at a price of 12.99 yuan per share, accounting for 1.9942%. A total of 5.47 million shares were reduced, accounting for 2.9886%. After the reduction, the holding of shares is 23.1499 million shares, accounting for 12.6481%, with equity changes reaching multiples of 1%.