Shanghai Hanxun's controlling shareholder reduces stake by 5%

Shanghai Shuangyou Information Technology Co., Ltd., the controlling shareholder of Shanghai Hanxun Information Technology Co., Ltd., has entered a share transfer agreement with Hangzhou Chunky Investments Co., Ltd. The agreement involves the transfer of 31,398,289 shares, representing 5.00% of Shanghai Hanxun's total share capital, at 19.79 yuan per share, totaling 621,372,139.31 yuan. The price was determined through mutual negotiation, referencing the shares' closing price on the trading day before the agreement.

Following this transaction, Shanghai Shuangyou's shareholding in Shanghai Hanxun will decrease from 17.76% to 12.76%. This transfer will not alter the company's controlling shareholder or actual controller, nor will it impact the governance structure or ongoing operations.

The transaction is contingent upon regulatory confirmation from the Shenzhen Stock Exchange and completion of share transfer registration. Chunky Kexin No. 1 Private Securities Investment Fund will become the second-largest shareholder and has committed not to seek actual control of the company.