According to GM's announcement, Hongdou Group, a shareholder holding more than 5% of the company's shares, and its co-actors reduced their holdings due to passive holdings reduction, non-transactional transfers, and centralized bidding. The total shareholding ratio fell from 18.98% to 17.02%, and changes in equity hit the 1% scale. This change in equity does not affect the proposed acquisition, does not result in a change in the company's control, and does not violate relevant laws and regulations. After the change, the number of shares pledged by Hongdou Group and its co-actors accounted for 94.08% of their shares and 16.01% of the company's total share capital.

According to GM's announcement, Hongdou Group, a shareholder holding more than 5% of the company's shares, and its co-actors reduced their holdings due to passive holdings reduction, non-transactional transfers, and centralized bidding. The total shareholding ratio fell from 18.98% to 17.02%, and changes in equity hit the 1% scale. This change in equity does not affect the proposed acquisition, does not result in a change in the company's control, and does not violate relevant laws and regulations. After the change, the number of shares pledged by Hongdou Group and its co-actors accounted for 94.08% of their shares and 16.01% of the company's total share capital.