According to Guqi Velvet's announcement, from August 24, 2026 to September 4, 2026, the company's shareholders holding 5% or more of Beijing Urban Construction Phase I and specific shareholders, Wuhu Jingcheng Phase II, reduced their holdings of the company's shares by a total of 1.936,400 shares through centralized bidding, accounting for 0.9682% of the company's total share capital. After this change in equity, the total number of shares held by the two fell from 238.364 million shares to 21.90 million shares, accounting for a ratio of 11.9182% to 10.95% of the total share capital of the company. The change in equity hit an integer multiple of 1%. The current holdings reduction is in line with the previously disclosed holdings reduction plan. Currently, the holdings reduction plan has not been implemented, and will not lead to a change in the company's control.

According to Guqi Velvet's announcement, from August 24, 2026 to September 4, 2026, the company's shareholders holding 5% or more of Beijing Urban Construction Phase I and specific shareholders, Wuhu Jingcheng Phase II, reduced their holdings of the company's shares by a total of 1.936,400 shares through centralized bidding, accounting for 0.9682% of the company's total share capital. After this change in equity, the total number of shares held by the two fell from 238.364 million shares to 21.90 million shares, accounting for a ratio of 11.9182% to 10.95% of the total share capital of the company. The change in equity hit an integer multiple of 1%. The current holdings reduction is in line with the previously disclosed holdings reduction plan. Currently, the holdings reduction plan has not been implemented, and will not lead to a change in the company's control.