Wanfeng Corporation: Shareholders plan to reduce their shareholding by no more than 2%.

Announcement of Wanfeng Corporation: Shareholder Zhoushan Ruihao plans to reduce its holdings of the company's shares by no more than 2% of the current total share capital, not exceeding 2.66 million shares, through block trading due to its own capital needs. Zhoushan Ruihao currently holds 5 million shares of the company, accounting for 3.75% of the total share capital. The reduction plan will be implemented within 90 days after the announcement is published, with an expected timeframe from August 15, 2025 to November 12, 2025. The company will supervise shareholders to reduce their holdings in compliance and fulfill their disclosure obligations in a timely manner. This reduction plan will not have a significant impact on the company's governance structure and future operations.