Announcement on the Completion of Share Reduction Plan by Certain Shareholders
Shanyangma (Chongqing) Logistics Co., Ltd. (hereinafter referred to as "the Company") disclosed the "Pre-Disclosure Announcement of Share Reduction Plan by Certain Shareholders" on December 25, 2025 (Announcement No. 2025-117). Li Gangquan, a former director and senior executive of the Company, held 63,281 shares, accounting for 0.07% of the total share capital. He planned to reduce his holdings by no more than 63,281 shares, or 0.07% of the total share capital, within three months after the announcement of the reduction plan, through centralized bidding, block trading, or other legally recognized methods by the Shenzhen Stock Exchange. The reduction plan was contingent upon the lifting of restrictions on the shares held prior to the initial public offering. Recently, the Company received a "Notice of Implementation of Share Reduction" from Li Gangquan (hereinafter referred to as "the Reducing Shareholder" or "the Reducing Entity"), confirming that the share reduction plan has been completed. In accordance with relevant regulations, the details are announced as follows: