Canaan's controlling shareholder reduces shareholding, with the shareholding ratio dropping to 12.89%

On September 17, 2025, Zhejiang Canaan Technology Co., Ltd. announced that its controlling shareholder, Canaan Technology Group Co., Ltd., reduced its holdings by 4.1 million shares through block trading on September 16, accounting for 0.8237% of the total share capital, with the shareholding ratio decreasing from 13.7137% to 12.89%, triggering a change in equity that touches on the integer multiple of 1%. The company had previously disclosed a pre-announcement of the reduction, and this reduction complies with relevant regulations, is consistent with the plan, and has not violated any rules. This change in equity will not result in a change of controlling shareholder or actual controller, nor will it affect the company's governance and operations. The reduction plan has not yet been fully implemented, and the company will continue to disclose progress