Da Jiawei Kang: The plan for the controlling shareholder's concerted action to reduce their holdings has expired without reducing their shares.

Da Jiawei Kang announced that the company's controlling shareholder and actual controller's acting in concert party, together with Jia Investment, originally planned to reduce their holdings by no more than 6.1621 million shares through centralized bidding or block trading from March 10 to June 9, 2026. By the end of the reduction plan on June 9, Jia Investment had not reduced its holdings in the company, holding 9.8 million shares before and after the reduction, accounting for 4.77%. This reduction is in compliance with regulations, does not violate the reduction plan and commitments, and will not affect the company's controlling rights, governance, and operations.