Kehua Holdings announced that Zhang Yu, the shareholder holding more than 5% of the company's shares, reduced its holdings by 1,9035.37 million shares through centralized bidding from July 24 to July 28, 2026, accounting for 0.98% of the company's current total share capital. After this change in equity, the number of shares held was reduced from 116.239.23 million shares to 97203.86 million shares, and the shareholding ratio dropped from 5.98% to 5.00%. This reduction in holdings is in line with the plan previously disclosed. It will not affect the corporate governance structure and continued operation, nor will it lead to changes in controlling shareholders or actual controllers.

Kehua Holdings announced that Zhang Yu, the shareholder holding more than 5% of the company's shares, reduced its holdings by 1,9035.37 million shares through centralized bidding from July 24 to July 28, 2026, accounting for 0.98% of the company's current total share capital. After this change in equity, the number of shares held was reduced from 116.239.23 million shares to 97203.86 million shares, and the shareholding ratio dropped from 5.98% to 5.00%. This reduction in holdings is in line with the plan previously disclosed. It will not affect the corporate governance structure and continued operation, nor will it lead to changes in controlling shareholders or actual controllers.