Kyushu Express announced that the controlling shareholder Chu Chang Investment paid and delisted the 2022 non-public exchangeable corporate bonds on December 22, 2025, and plans to apply for cancellation of the stock guarantee and trust registration. After payment and delisting of the current exchangeable bonds, Chu Chang Investment and Guolian Minsheng Securities Underwriting and Sponsorship Co., Ltd. intend to transfer 555.58 million shares of the company held by the “Chuchang Group - Guolian Minsheng Sponsor - 22 Chu EB03 Guarantee and Trust Property Special Account” back to the Chuchang Investment Securities account. As of December 22, 2025, Chuchang Investment held 380 million shares of the company, with a shareholding ratio of 7.54%; the “Chuchang Group - Guolian People's Livelihood Sponsorship - 22 Chu EB03 Guarantee and Trust Property Special Account” held 555.508 million shares of the company, with a shareholding ratio of 1.10%. After the stock guarantee and trust registration are cancelled, Chuchang Investment will hold 460 million shares of the company, with a shareholding ratio of 9.11%.

Kyushu Express announced that the controlling shareholder Chu Chang Investment paid and delisted the 2022 non-public exchangeable corporate bonds on December 22, 2025, and plans to apply for cancellation of the stock guarantee and trust registration. After payment and delisting of the current exchangeable bonds, Chu Chang Investment and Guolian Minsheng Securities Underwriting and Sponsorship Co., Ltd. intend to transfer 555.58 million shares of the company held by the “Chuchang Group - Guolian Minsheng Sponsor - 22 Chu EB03 Guarantee and Trust Property Special Account” back to the Chuchang Investment Securities account. As of December 22, 2025, Chuchang Investment held 380 million shares of the company, with a shareholding ratio of 7.54%; the “Chuchang Group - Guolian People's Livelihood Sponsorship - 22 Chu EB03 Guarantee and Trust Property Special Account” held 555.508 million shares of the company, with a shareholding ratio of 1.10%. After the stock guarantee and trust registration are cancelled, Chuchang Investment will hold 460 million shares of the company, with a shareholding ratio of 9.11%.