Xuelong Group announced that the shareholder Ningbo Lianzhan Enterprise Management Partnership has been implemented. The holdings reduction period is from December 18, 2025 to December 29, 2025. The holdings were reduced by 2,113 million shares through centralized bidding and 1.912,800 shares through bulk transactions, totaling 4.0241 million shares, accounting for 1.91% of the company's total share capital, and the reduction price range was 16.63 to 18.95 yuan/share. After the holdings were reduced, the shareholding fell to 3.8438 million shares, accounting for 1.82%, and the change in equity hit the 1% scale.

Xuelong Group announced that the shareholder Ningbo Lianzhan Enterprise Management Partnership has been implemented. The holdings reduction period is from December 18, 2025 to December 29, 2025. The holdings were reduced by 2,113 million shares through centralized bidding and 1.912,800 shares through bulk transactions, totaling 4.0241 million shares, accounting for 1.91% of the company's total share capital, and the reduction price range was 16.63 to 18.95 yuan/share. After the holdings were reduced, the shareholding fell to 3.8438 million shares, accounting for 1.82%, and the change in equity hit the 1% scale.