Golden Ten Data reported on May 6 that Xiangshan shares announced in the evening that Zhao Yukun and Chen Bo, shareholders holding more than 5% of the shares, plan to reduce their holdings by no more than 3,962,300 shares through centralized bidding and block trading from May 28, 2025 to August 27, 2025, each accounting for 3.00% of the company’s total share capital. Among them, no more than 1,320,800 shares were reduced through centralized bidding, accounting for 1.00% of the company’s total share capital; Through block trading, they reduced their holdings by no more than 2,641,500 shares, accounting for 2.00% of the company’s total share capital. Zhao Yukun and Chen Bo reduced their holdings by a total of no more than 7,924,500 shares, accounting for 6.00% of the company’s total share capital. The reason for the reduction is the personal capital needs of shareholders, and the price of the reduction will be determined according to the market price and relevant regulations.