Yabaoxuan announced that Sun Changlai, a shareholder holding 5% or more of the shares, has been implemented. From October 15, 2025 to December 25, 2025, the holdings were reduced by 600,000 shares through centralized bidding, accounting for 0.7493% of the total share capital. The reduced price range was 25.27-31.49 yuan/share. The total amount of holdings was reduced by 16.9932 million yuan; after reducing holdings, the shareholding ratio was 7.7623 million shares, with a shareholding ratio of 9.6932%.

Yabaoxuan announced that Sun Changlai, a shareholder holding 5% or more of the shares, has been implemented. From October 15, 2025 to December 25, 2025, the holdings were reduced by 600,000 shares through centralized bidding, accounting for 0.7493% of the total share capital. The reduced price range was 25.27-31.49 yuan/share. The total amount of holdings was reduced by 16.9932 million yuan; after reducing holdings, the shareholding ratio was 7.7623 million shares, with a shareholding ratio of 9.6932%.