XWXN shareholder Ningbo Haicheng's reduction plan has been completed, reducing 1% of shares

On June 28, 2025, XWXN disclosed that its shareholder Ningbo Haicheng planned to reduce its holdings by no more than 1% of the total share capital. Due to the company's completion of equity distribution on July 3, the number of shares to be reduced was adjusted to no more than 5,040,000 shares. From July 21 to September 22, Ningbo Haicheng reduced its holdings by 5,035,204 shares through centralized bidding, accounting for 1% of the total share capital, with a reduction price of 48.00 - 90.96 yuan/share, totaling 289,892,187.50 yuan. After the reduction, Ningbo Haicheng's shareholding ratio decreased to 5.64%. This reduction does not trigger a tender offer and does not affect the company's controlling rights and operations, and the reduction plan has been fully implemented