According to the announcement of Ziguang Co., Ltd., the shareholder Changan Trust and China Insurance Investment No. 1 Trust, which holds 5.5% of the shares, plans to reduce its holdings by no more than 28.608 million shares through centralized bidding within 3 months from the date of disclosure of the announcement, that is, no more than 1% of the total share capital. The reason for the reduction in holdings was due to the need for capital arrangements. The shares were transferred through an agreement, and the transfer was completed in January 2025. This reduction in holdings will not affect corporate governance, equity structure, and control.

According to the announcement of Ziguang Co., Ltd., the shareholder Changan Trust and China Insurance Investment No. 1 Trust, which holds 5.5% of the shares, plans to reduce its holdings by no more than 28.608 million shares through centralized bidding within 3 months from the date of disclosure of the announcement, that is, no more than 1% of the total share capital. The reason for the reduction in holdings was due to the need for capital arrangements. The shares were transferred through an agreement, and the transfer was completed in January 2025. This reduction in holdings will not affect corporate governance, equity structure, and control.