Zhuoran Co., Ltd. announced that Ma Liping, a shareholder holding more than 5% of the shares, and his co-actors, Shanghai Muxin Private Equity Fund Management Co., Ltd. - Muxin Tongying No. 2 Private Equity Investment Fund have completed the implementation of the plan to reduce their shareholding. Before the holdings were reduced, the two held a total of 6.37% of the shares. From December 2, 2025 to January 6, 2026, a total of 2.8659 million shares were reduced through centralized bidding and bulk transactions, accounting for 1.23% of the total share capital, and the total amount of holdings was reduced by 33.5193 million yuan. After the holdings were reduced, the combined shareholding ratio of the two fell to 5.14%.

Zhuoran Co., Ltd. announced that Ma Liping, a shareholder holding more than 5% of the shares, and his co-actors, Shanghai Muxin Private Equity Fund Management Co., Ltd. - Muxin Tongying No. 2 Private Equity Investment Fund have completed the implementation of the plan to reduce their shareholding. Before the holdings were reduced, the two held a total of 6.37% of the shares. From December 2, 2025 to January 6, 2026, a total of 2.8659 million shares were reduced through centralized bidding and bulk transactions, accounting for 1.23% of the total share capital, and the total amount of holdings was reduced by 33.5193 million yuan. After the holdings were reduced, the combined shareholding ratio of the two fell to 5.14%.