According to the announcement of Lianyu Co., Ltd., Pan Nianhua, the shareholder, director and general manager of the company, who holds 5% or more of the company's shares, previously planned to reduce the company's shares by no more than 2.1919 million shares through centralized bidding or bulk transactions from June 26, 2026 to September 25, 2026. As of the announcement disclosure date, Pan Nianhua had not reduced his shareholding in the company. Combined with the current market environment and other factors, he decided to terminate this share reduction plan early. Before and after the termination of this holdings reduction plan, Pan Nianhua held a total of 12.8616 million shares of the company, accounting for 17.57% of the company's total share capital. The early termination of the holdings reduction plan will not lead to a change in the company's control and will not have a significant impact on the company's governance structure and continuous operation.

According to the announcement of Lianyu Co., Ltd., Pan Nianhua, the shareholder, director and general manager of the company, who holds 5% or more of the company's shares, previously planned to reduce the company's shares by no more than 2.1919 million shares through centralized bidding or bulk transactions from June 26, 2026 to September 25, 2026. As of the announcement disclosure date, Pan Nianhua had not reduced his shareholding in the company. Combined with the current market environment and other factors, he decided to terminate this share reduction plan early. Before and after the termination of this holdings reduction plan, Pan Nianhua held a total of 12.8616 million shares of the company, accounting for 17.57% of the company's total share capital. The early termination of the holdings reduction plan will not lead to a change in the company's control and will not have a significant impact on the company's governance structure and continuous operation.