Bidding Shares: 618 Development, Wu Mingxi, and Lin Li plan to reduce their holdings by 0.11%, 0.01%, and 0.01%, respectively.

Bid Announcement: the controlling shareholder’s person acting in concert, 618 Development, plans to reduce holdings by no more than 300,000 shares through centralized bidding within 3 months after 15 trading days from the date of disclosure, accounting for 0.11% of the company’s total share capital. The director and general manager, Wu Mingxi, plans to reduce holdings by no more than 39,375 shares through centralized bidding and block trades, accounting for 0.01%. The financial director, Lin Li, plans to reduce holdings by no more than 37,500 shares through centralized bidding and block trades, accounting for 0.01%. The reduction price will be determined based on the market price and will not be lower than the offering price of the company’s initial public offering.