Kaichun Co., Ltd. announced that shareholder Yisong Yi did not reduce his holdings of the company's shares during the holdings reduction plan period. Before and after the holdings reduction, Yisong 1 held 7.2 million shares, accounting for 9% of the total share capital and 9.04% of the total share capital after the repurchase. The current holdings reduction complies with relevant regulations and has been pre-disclosed. It did not violate the holdings reduction plan. Yisong No.1 is not the controlling shareholder or actual controller. The reduction in holdings did not result in a change in the company's control and did not affect continued operations.

Kaichun Co., Ltd. announced that shareholder Yisong Yi did not reduce his holdings of the company's shares during the holdings reduction plan period. Before and after the holdings reduction, Yisong 1 held 7.2 million shares, accounting for 9% of the total share capital and 9.04% of the total share capital after the repurchase. The current holdings reduction complies with relevant regulations and has been pre-disclosed. It did not violate the holdings reduction plan. Yisong No.1 is not the controlling shareholder or actual controller. The reduction in holdings did not result in a change in the company's control and did not affect continued operations.