Major shareholders to cut stakes in Toyou Feiji

Beijing Toyou Feiji Electronics Co., Ltd. announced that major shareholders Mr. Tong Yihong and Mr. Yang Yongsong plan to reduce their stakes in the company. Mr. Tong Yihong, currently holding 53,599,919 shares (11.18% of total share capital), intends to sell up to 4,792,637 shares, representing 1.0000% of the company's total share capital. Mr. Yang Yongsong, who holds 35,378,719 shares (7.38% of total share capital), also plans to sell up to 4,792,637 shares, equivalent to 1.0000% of the total share capital.

The share reductions will be conducted through concentrated bidding within three months from the disclosure date and are driven by personal financial needs. Both shareholders confirmed the proposed reductions comply with previous commitments made during the initial public offering regarding share transfers and restrictions.

The company stated that Mr. Tong Yihong and Mr. Yang Yongsong are not the controlling shareholders or actual controllers. The planned reductions are not expected to impact the company's governance structure, operations, or lead to a change in company control.