KIWI INSTRUMENTS: Shareholders holding more than 5% of shares reduced their holdings in the company, and the equity change reached the 1% threshold

KIWI INSTRUMENTS announced that on October 22, 2025, the company received a notification letter from Fangguang Phase II, stating that from September 16 to October 22, 2025, it reduced its holdings of the company's stock by 1,045,500 shares through centralized bidding and block trading, accounting for 1.50% of the total share capital. Before the change in equity, Fangguang Phase II held 10.00% of the shares; after the change, it held 5,938,300 shares, accounting for 8.50% of the total share capital, with the equity change reaching the 1% threshold. This reduction is part of the previously disclosed reduction plan, which has not yet been fully implemented as of the announcement date. This change in equity will not lead to a change in the company's controlling shareholder and actual controller