Huayi Brothers announced that on December 17, 2025, Ali Venture Capital reduced its holdings of the company's shares by 295.26,800 shares through a bulk transaction, accounting for 1.064219% of the company's total share capital, and its shareholding ratio dropped from 3.467799% to 2.403580%. The shareholding ratio of Alibaba Venture Capital and Mr. Ma Yun, who acted in concert with it, fell from 6.064215% to 4.999996%. After the holdings were reduced, Ali Venture Capital and Mr. Ma Yun held a total of 139 million shares of the company, accounting for 4.999996% of the company's total share capital, and are no longer shareholders holding 5% or more of the shares. This reduction in holdings is beneficial to the stability of the company's shareholding structure and will not adversely affect the normal operation of the company.

Huayi Brothers announced that on December 17, 2025, Ali Venture Capital reduced its holdings of the company's shares by 295.26,800 shares through a bulk transaction, accounting for 1.064219% of the company's total share capital, and its shareholding ratio dropped from 3.467799% to 2.403580%. The shareholding ratio of Alibaba Venture Capital and Mr. Ma Yun, who acted in concert with it, fell from 6.064215% to 4.999996%. After the holdings were reduced, Ali Venture Capital and Mr. Ma Yun held a total of 139 million shares of the company, accounting for 4.999996% of the company's total share capital, and are no longer shareholders holding 5% or more of the shares. This reduction in holdings is beneficial to the stability of the company's shareholding structure and will not adversely affect the normal operation of the company.