Changlv Co., Ltd. announced that the upper equity structure of its controlling shareholder Qilu Financial has undergone adjustments, with the Jinan State-owned Assets Supervision and Administration Commission transferring its 32% stake in Qilu Financial to Jinan Xiantou Group. This adjustment will not lead to changes in the company's controlling shareholder or ultimate actual controller; the direct controlling shareholder remains Qilu Financial, and the ultimate actual controller remains the Jinan State-owned Assets Supervision and Administration Commission. After the adjustment, Jinan Chanfazhi will still be the company's indirect controlling shareholder. This equity change does not trigger a tender offer and will not have a significant impact on the company's main business and operational activities