Announcement on the Passive Dilution of Shareholding by Major Shareholder Below 5%
Special Reminder: This change in equity is due to Beijing Capital Online Technology Co., Ltd. (hereinafter referred to as "the Company" or "Capital Online") completing the registration and listing of the first batch of restricted stocks from the second vesting period of the 2023 Restricted Stock Incentive Plan, resulting in an increase in the total share capital of the Company. Consequently, the shareholding percentage of Tianyang Hongye Technology Co., Ltd. (hereinafter referred to as "Tianyang Technology"), a major shareholder holding more than 5%, has been passively diluted to below 5%. This does not involve a change in the number of shares held, does not trigger a mandatory tender offer, and will not affect the company's governance structure and ongoing operations.