According to Xinhongye's announcement, Yang Yuwei, the shareholder holding more than 5% of the company's shares, reduced his holdings by 901,000 shares through bulk transactions from September 24 to September 28, 2026, accounting for 0.47% of the company's total share capital. After this change in equity, Yang Yuwei held 32.361 million shares of the company, accounting for a ratio of 17.42% to 16.95% of the total share capital. The equity change hit an integer multiple of 1%. The current holdings reduction is to fulfill the previously disclosed holdings reduction plan. Currently, the holdings reduction plan has not been completed. This holdings reduction will not lead to a change in the company's control and will not have an impact on the company's governance structure and continued operation.

According to Xinhongye's announcement, Yang Yuwei, the shareholder holding more than 5% of the company's shares, reduced his holdings by 901,000 shares through bulk transactions from September 24 to September 28, 2026, accounting for 0.47% of the company's total share capital. After this change in equity, Yang Yuwei held 32.361 million shares of the company, accounting for a ratio of 17.42% to 16.95% of the total share capital. The equity change hit an integer multiple of 1%. The current holdings reduction is to fulfill the previously disclosed holdings reduction plan. Currently, the holdings reduction plan has not been completed. This holdings reduction will not lead to a change in the company's control and will not have an impact on the company's governance structure and continued operation.