Chipboard announced that on December 10, 2025, the controlling shareholder, actual controller and chairman Cheng Zhuo reduced his holdings by 190,000 shares through an auction transaction, accounting for 0.14% of the total share capital. After this change in equity, the total shareholding of Cheng Zhuo and his co-actors fell from 476.025 million shares to 474.12,500 shares, and their share fell from 36.13% to 35.99%, hitting the 1% scale. This reduction in holdings is due to the implementation of the disclosed plan. It has not been implemented. It will not affect corporate governance and actual control rights, and there is no need to disclose a report on changes in equity.

Chipboard announced that on December 10, 2025, the controlling shareholder, actual controller and chairman Cheng Zhuo reduced his holdings by 190,000 shares through an auction transaction, accounting for 0.14% of the total share capital. After this change in equity, the total shareholding of Cheng Zhuo and his co-actors fell from 476.025 million shares to 474.12,500 shares, and their share fell from 36.13% to 35.99%, hitting the 1% scale. This reduction in holdings is due to the implementation of the disclosed plan. It has not been implemented. It will not affect corporate governance and actual control rights, and there is no need to disclose a report on changes in equity.