Jiumuwang announced that on December 12, 2025, Chen Peiquan, Chen Peiping, Chen Hongyu, and Wang Bingchao, co-actors of Quanzhou Ruizhi Investment Management Co., Ltd. reduced their holdings of the company's shares by a total of 1,1599.03 million shares through centralized bidding, accounting for 2.02% of the total share capital. The total shareholding ratio of Smart Investment and its co-actors fell from 7.36% to 5.35%, hitting the 1% mark. This change in equity will not lead to changes in the controlling shareholders and actual controllers of the company, does not involve disclosure of equity change reports, and does not violate relevant regulations and commitments.

Jiumuwang announced that on December 12, 2025, Chen Peiquan, Chen Peiping, Chen Hongyu, and Wang Bingchao, co-actors of Quanzhou Ruizhi Investment Management Co., Ltd. reduced their holdings of the company's shares by a total of 1,1599.03 million shares through centralized bidding, accounting for 2.02% of the total share capital. The total shareholding ratio of Smart Investment and its co-actors fell from 7.36% to 5.35%, hitting the 1% mark. This change in equity will not lead to changes in the controlling shareholders and actual controllers of the company, does not involve disclosure of equity change reports, and does not violate relevant regulations and commitments.