FEILIHUA announced that from July 28, 2025, to October 16, 2025, Chairman Shang Chunli reduced his holdings by 385,200 shares through centralized bidding, with an average reduction price of 80.98 yuan/share, accounting for 0.0740% of the total share capital after excluding repurchased shares; Director and Board Secretary Zheng Wei reduced his holdings by 139,800 shares, with an average price of 84.24 yuan/share, accounting for 0.0269%; Chief Financial Officer Wei Xuebing reduced his holdings by 81,000 shares, with an average price of 85.08 yuan/share, accounting for 0.0156%. The above reduction plan has expired, and the implementation situation is consistent with the pre-disclosure