*ST Qihuan announced that shareholder Guangzhou Qizheng originally planned to reduce its holdings by no more than 42,760,597 shares from May 11 to August 10, 2026. From May 11 to July 29, it reduced its holdings of 14,253,450 shares through centralized bidding transactions, accounting for 1.00% of the total share capital, and reduced its holdings at an average price of 1.95 yuan/share. Based on comprehensive considerations, Guangzhou Qizheng decided to end its holdings reduction plan early. After reducing its holdings, its shareholding ratio fell from 5.81% to 4.81%. This reduction in holdings will not have a significant impact on corporate governance, etc.

*ST Qihuan announced that shareholder Guangzhou Qizheng originally planned to reduce its holdings by no more than 42,760,597 shares from May 11 to August 10, 2026. From May 11 to July 29, it reduced its holdings of 14,253,450 shares through centralized bidding transactions, accounting for 1.00% of the total share capital, and reduced its holdings at an average price of 1.95 yuan/share. Based on comprehensive considerations, Guangzhou Qizheng decided to end its holdings reduction plan early. After reducing its holdings, its shareholding ratio fell from 5.81% to 4.81%. This reduction in holdings will not have a significant impact on corporate governance, etc.