Qinshang Co., Ltd. announced that on August 12, 2026, the company reduced its holdings of 5 million shares for the first time through centralized bidding transactions, accounting for 0.35% of the total share capital. The total transaction price was RMB 18.11,111 million. The highest transaction price was 3.67 yuan/share, the lowest price was 3.58 yuan/share, and the average price was 3.62 yuan/share. The current holdings reduction complies with the holdings reduction plan and related regulations. There is an uncertain risk of implementing the holdings reduction plan, and the company will disclose the progress in accordance with the regulations.

Qinshang Co., Ltd. announced that on August 12, 2026, the company reduced its holdings of 5 million shares for the first time through centralized bidding transactions, accounting for 0.35% of the total share capital. The total transaction price was RMB 18.11,111 million. The highest transaction price was 3.67 yuan/share, the lowest price was 3.58 yuan/share, and the average price was 3.62 yuan/share. The current holdings reduction complies with the holdings reduction plan and related regulations. There is an uncertain risk of implementing the holdings reduction plan, and the company will disclose the progress in accordance with the regulations.