Shareholder Structure

Stable Equity & Clear Control Right

Shareholding Details of Shareholders Before IPO

1. Zhang Ming (Class B): Largest shareholder, holding 28,440,000 shares, accounting for 40.9%
2. CCIS Management Corp (Class B): Holding 23,700,000 shares, accounting for 34.1%
3. Xiaofu Light Boat Tech (Class A): Holding 20,000,000 shares, accounting for 28.8%

Core Characteristics of Equity Structure

• The original shareholders hold absolute control, the equity structure is stable, and there is no risk of controlling shareholder and actual controller
• The shareholding ratio of original shareholders still exceeds 85% after major asset acquisition, and the company’s control right remains unchanged, ensuring the stability of long-term development