TOYOU announced that shareholder Yang Yongsong reduced his holdings of the company's shares by 4,792,637 shares through centralized bidding transactions from June 5, 2025, to June 18, 2025, accounting for 1.00% of the company's total share capital. This reduction plan complies with relevant laws and regulations as well as the company's system provisions, and it does not affect the company's governance structure and ongoing operations. Mr. Yang Yongsong is not the company's controlling shareholder or actual controller, does not hold any position in the company, and does not participate in the company's daily operations. The implementation of this reduction plan will not affect the company's governance structure and ongoing operations, nor will it lead to a change in the company's control