Tonghuashun: Chairman Yi Zheng terminates reduction plan ahead of schedule.

Announcement of the Stock Market: On September 6, 2025, the company issued the "Announcement of the Pre-Disclosure of the Reduction of Shares by the Controlling Shareholder and Shareholders Holding Over 5% of the Shares". The company's controlling shareholder, actual controller, and chairman Yi Zheng intends to reduce the company's shares by no more than 684,000 shares, accounting for 0.13% of the company's total share capital. These shares were acquired by Yi Zheng on April 28, 2022, during a period of continuous decline in the market and severe undervaluation of the company's stock price, in order to stabilize the company's stock price through secondary market purchases. Due to various factors, Yi Zheng has decided to terminate this reduction plan in advance. The shareholder Hangzhou Kaisishun Technology Co., Ltd.'s reduction plan remains unchanged.