XWXN announced that the company disclosed the shareholder share reduction plan on June 28, 2025. As of the date of this announcement, during the implementation period of the reduction plan, shareholder Ningbo Haicheng reduced its holdings by 4.5424 million shares through centralized bidding, accounting for 0.90% of the company's total share capital. Some directors and senior management of the company indirectly hold shares through Ningbo Haicheng
