Jiumuwang announced that it received a notice from Platinum Investment on December 12, 2025, and Chen Guilan, its concerted agent, reduced its holdings by a total of 5.20.0079 million shares through centralized bidding from December 11 to 12, accounting for 0.90% of the total share capital. The total shareholding ratio of Borui Investment and its co-actors fell from 6.15% to 5.25%, hitting the 1% mark. This change in equity will not lead to changes in the controlling shareholders and actual controllers of the company, does not involve disclosure of equity change reports, and does not violate relevant regulations and commitments.

Jiumuwang announced that it received a notice from Platinum Investment on December 12, 2025, and Chen Guilan, its concerted agent, reduced its holdings by a total of 5.20.0079 million shares through centralized bidding from December 11 to 12, accounting for 0.90% of the total share capital. The total shareholding ratio of Borui Investment and its co-actors fell from 6.15% to 5.25%, hitting the 1% mark. This change in equity will not lead to changes in the controlling shareholders and actual controllers of the company, does not involve disclosure of equity change reports, and does not violate relevant regulations and commitments.