Talkweb shareholders conclude share reduction plan

Talkweb Information System announced the completion of its share reduction plan by shareholders holding 5% or more, and certain directors and senior management. The plan, which began 15 trading days after its disclosure and concluded on November 28, 2025, involved concentrated bidding or block trading.

Key participants and their reductions include Song Ying, the largest individual shareholder, who reduced his holdings by 10,023,000 shares (0.7956%) at an average price of CNY 36.59 per share. Other participants were Feng Mochun, reducing 32,813 shares (0.0026%) at CNY 38.37; Yan Baoping, reducing 39,375 shares (0.0031%) at CNY 36.14; Xing Nihong, reducing 36,750 shares (0.0029%) at CNY 33.10; and Yang Zheng, reducing 32,813 shares (0.0026%) at CNY 40.50.

The company affirmed that the implementation of this plan complies with relevant securities laws and regulations, has been fully disclosed, and will not alter the company's control or negatively impact its governance structure or ongoing operations.