According to the announcement of Higao Group, Cathay Pacific Haitong Securities Asset Management - China Merchants Bank - Guotai Junanjun Group's No. 1 strategic placement pooled asset management plan, which holds 400.1 million shares of the company's shares, plans to reduce the company's holdings by no more than 400.1 million shares through centralized bidding or bulk transactions from September 12, 2026 to December 11, 2026, accounting for 1.00% of the company's total share capital. The reason for the reduction in holdings was due to the asset management plan holders' own capital requirements. The source of the shares was the company's initial public offering of shares, and the reduction price was determined based on the market price at the time of actual holdings reduction. There is uncertainty about the implementation of this holdings reduction plan.

According to the announcement of Higao Group, Cathay Pacific Haitong Securities Asset Management - China Merchants Bank - Guotai Junanjun Group's No. 1 strategic placement pooled asset management plan, which holds 400.1 million shares of the company's shares, plans to reduce the company's holdings by no more than 400.1 million shares through centralized bidding or bulk transactions from September 12, 2026 to December 11, 2026, accounting for 1.00% of the company's total share capital. The reason for the reduction in holdings was due to the asset management plan holders' own capital requirements. The source of the shares was the company's initial public offering of shares, and the reduction price was determined based on the market price at the time of actual holdings reduction. There is uncertainty about the implementation of this holdings reduction plan.