Research powder material: The controlling shareholder and the concerted actor of Youyan Holdings plan to reduce their holdings by no more than 1% of the company's shares.

On May 25th, Yoyan Powder Material announced that the company's controlling shareholder and concerted action person, Yoyan Dinsheng Investment Development Co., Ltd., plans to reduce their holdings of the company's shares by no more than 1% of the total share capital, i.e. up to 1.03 million shares, through centralized bidding from June 17th, 2025 to September 16th, 2025. The source of the shares to be reduced is obtained before the company's initial public offering, and the reason for the reduction is the company's own strategic development fund needs. The implementation of this reduction plan is subject to uncertainty.