JHS: Shareholders holding more than 5% reduced their holdings by 1.92%, triggering a change in equity that touches the 5% threshold

JHS announced that its shareholder, Gaode Investment, will reduce its holdings of the company's shares by 3.433 million shares, accounting for 1.92% of the total share capital, through centralized bidding and block trading from September 18 to October 24, 2025. Its shareholding ratio will decrease from 16.92% to 15.00%, with the equity change reaching a multiple of 5%. This reduction is part of the previously disclosed reduction plan, does not trigger a tender offer, will not affect the company's governance structure and ongoing operations, and will not lead to changes in the controlling shareholder and actual controller. The reduction plan has not yet been fully implemented, and the company will disclose subsequent developments in a timely manner