Cowell announced that from September 9, 2026 to October 20, 2026, Jiang Jiaping, the shareholder holding 5% or more of the company's shares, reduced his holdings by a total of 810,000 shares through centralized bidding transactions. The direct shareholding ratio fell from 12.53% to 11.79%, and changes in equity hit the 1% scale. The current holdings reduction is for Jiang Jiaping to fulfill the previously disclosed holdings reduction plan. It does not touch on the proposed takeover, and will not cause changes in the company's controlling shareholders and actual controllers, and there is no violation of previous promises.

Cowell announced that from September 9, 2026 to October 20, 2026, Jiang Jiaping, the shareholder holding 5% or more of the company's shares, reduced his holdings by a total of 810,000 shares through centralized bidding transactions. The direct shareholding ratio fell from 12.53% to 11.79%, and changes in equity hit the 1% scale. The current holdings reduction is for Jiang Jiaping to fulfill the previously disclosed holdings reduction plan. It does not touch on the proposed takeover, and will not cause changes in the company's controlling shareholders and actual controllers, and there is no violation of previous promises.