North China Co., Ltd. announced that Tewar Enterprise Management Consulting Co., Ltd., which holds more than 5% of the shares, reduced its holdings of the company's shares by 1.486,400 shares through centralized bidding and bulk transactions between December 29, 2025 and accounting for 0.87% of the company's total share capital. After this change in equity, Tevor Shanghai's shareholding ratio was reduced from 10.87% to 10.00%, hitting the 5% scale. Tevo Shanghai's current holdings reduction is consistent with its previously disclosed holdings reduction plan. It does not violate relevant commitments, does not trigger mandatory takeover obligations, and will not cause changes in the company's controlling shareholders and actual controllers.

North China Co., Ltd. announced that Tewar Enterprise Management Consulting Co., Ltd., which holds more than 5% of the shares, reduced its holdings of the company's shares by 1.486,400 shares through centralized bidding and bulk transactions between December 29, 2025 and accounting for 0.87% of the company's total share capital. After this change in equity, Tevor Shanghai's shareholding ratio was reduced from 10.87% to 10.00%, hitting the 5% scale. Tevo Shanghai's current holdings reduction is consistent with its previously disclosed holdings reduction plan. It does not violate relevant commitments, does not trigger mandatory takeover obligations, and will not cause changes in the company's controlling shareholders and actual controllers.