Dongbai Group announced that the controlling shareholder, Feng Qi, reduced its holdings by 25.951,900 shares through centralized bidding on December 9, 2025, accounting for 2.98% of the total share capital. After this change in equity, the total shareholding of Feng Qi Investment and its co-actors Shi Zhangfeng and Shi Xia dropped from 62.98% to 60%. This reduction in holdings was obtained through centralized bidding and subscription of non-public shares, and did not violate relevant regulations. The controlling shareholders will disclose the “Simplified Equity Change Report” and promise not to reduce their holdings through centralized bidding and bulk transactions within 3 months. This change will not result in a change in controlling interest and will not affect corporate governance and operations.

Dongbai Group announced that the controlling shareholder, Feng Qi, reduced its holdings by 25.951,900 shares through centralized bidding on December 9, 2025, accounting for 2.98% of the total share capital. After this change in equity, the total shareholding of Feng Qi Investment and its co-actors Shi Zhangfeng and Shi Xia dropped from 62.98% to 60%. This reduction in holdings was obtained through centralized bidding and subscription of non-public shares, and did not violate relevant regulations. The controlling shareholders will disclose the “Simplified Equity Change Report” and promise not to reduce their holdings through centralized bidding and bulk transactions within 3 months. This change will not result in a change in controlling interest and will not affect corporate governance and operations.