Micro-innovation: A total of around $4.4 billion reduction plan was implemented between 6 May and 12 June

ACCORDING TO THE 29 JULY NEWS (603986.SH) ANNOUNCEMENT, THE COMPANY ' S SHAREHOLDER, ZHU YI MINH, REDUCED THE COMPANY ' S SHARES BY A TOTAL OF 11.1106 MILLION SHARES, OR 1.58 PER CENT OF THE COMPANY ' S TOTAL EQUITY, BETWEEN 6 MAY AND 12 JUNE 2026, BY WAY OF CENTRALIZED BIDDING AND LARGE-SCALE TRANSACTIONS, OR APPROXIMATELY $4.4 BILLION. AFTER THE IMPLEMENTATION OF THE REDUCTION PLAN, ZHU YI MINH AND HIS CO-ACTOR HONG KONG WINNERS AND WINNERS LTD. JOINTLY HELD 47.70.009 MILLION SHARES OF THE COMPANY, OR 6.80 PER CENT OF THE COMPANY ' S TOTAL EQUITY. CHU YIMING UNDERTOOK NOT TO REDUCE HIS SHARES IN THE COMPANY FOR 12 MONTHS FROM 29 JULY 2026。