Guangzhou Shangpin Home Collection Co., Ltd. (hereinafter referred to as "Shangpin Home" or "the Company") disclosed the pre-announcement of the shareholding reduction plan on February 11, 2026, on the Giant Tide Information Network (http://www.cninfo.com.cn) (Announcement No. 2026-004). Mr. Peng Jinxiong, a director and senior management personnel holding 17,320,185 shares, planned to reduce his holdings through block trading or centralized bidding, with a maximum reduction of 2 million shares within three months after the announcement date. Mr. Fu Jianping, an employee director and senior management personnel holding 8,746,535 shares, also planned to reduce his holdings under the same conditions, with a maximum reduction of 2 million shares.
The Company has received notification letters from Mr. Peng Jinxiong and Mr. Fu Jianping regarding their shareholding reductions. Mr. Peng Jinxiong has completed his reduction plan, while Mr. Fu Jianping's reduction did not exceed the planned amount. Considering market conditions, he decided to terminate his reduction plan early on June 4, 2026. The specific implementation details are as follows: