Yuhuan CNC announced that the company's controlling shareholder, actual controller and chairman Xu Shixiong's holdings reduction plan expires on December 4, 2025. The original plan was to reduce its holdings by no more than 1,558 million shares through centralized bidding. In fact, it reduced its holdings by 300,000 shares on September 16, at a price of 24.81 yuan/share, accounting for 0.1925% of the total share capital at the time of reduction. After the holdings were reduced, Xu Shixiong's shareholding fell to 50234,900 shares, accounting for 32.0406% of the total share capital. This reduction in holdings complies with regulations and promises, will not lead to a change in the company's control, and will not affect the company's operations.

Yuhuan CNC announced that the company's controlling shareholder, actual controller and chairman Xu Shixiong's holdings reduction plan expires on December 4, 2025. The original plan was to reduce its holdings by no more than 1,558 million shares through centralized bidding. In fact, it reduced its holdings by 300,000 shares on September 16, at a price of 24.81 yuan/share, accounting for 0.1925% of the total share capital at the time of reduction. After the holdings were reduced, Xu Shixiong's shareholding fell to 50234,900 shares, accounting for 32.0406% of the total share capital. This reduction in holdings complies with regulations and promises, will not lead to a change in the company's control, and will not affect the company's operations.