According to Zhuangyuan Ranch's announcement, Ma Hongfu, the shareholder and director who holds more than 5% of the shares, reduced his holdings of the company's 1,021,400 shares through centralized bidding on January 6, 2026, accounting for 0.52% of the company's total share capital. After the change, its shareholding ratio fell from 16.47% to 15.94%, hitting an integer multiple of 1%. The current holdings reduction plan will be implemented from January 6 to April 3, 2026. The total proposed holdings reduction will not exceed 5,807,000 shares. As of the announcement date, the holdings reduction plan has not yet been implemented. This change will not result in a change in the company's control and will not affect daily operations.

According to Zhuangyuan Ranch's announcement, Ma Hongfu, the shareholder and director who holds more than 5% of the shares, reduced his holdings of the company's 1,021,400 shares through centralized bidding on January 6, 2026, accounting for 0.52% of the company's total share capital. After the change, its shareholding ratio fell from 16.47% to 15.94%, hitting an integer multiple of 1%. The current holdings reduction plan will be implemented from January 6 to April 3, 2026. The total proposed holdings reduction will not exceed 5,807,000 shares. As of the announcement date, the holdings reduction plan has not yet been implemented. This change will not result in a change in the company's control and will not affect daily operations.