Shangtang Group's monthly securities change report submitted on August 31, 2024, shows significant changes in Class A and Class B shares. According to the report, Shangtang Group's Class A shares experienced a large-scale conversion in August, with 6,906,080,602 Class A shares converted into Class B shares. This conversion was completed on August 27, 2024, and was detailed in the disclosure report the following day. After the conversion, the total issued shares of Class B shares increased to 34,528,336,530 shares, while Class A shares decreased to 614,034,470 shares. Additionally, the report mentioned that the conversion was carried out based on shares held by Professor Tang Xiao'ou through Amind Inc. Shangtang Group confirmed that all securities issuance or transfer of treasury shares has been formally authorized and approved by the board of directors, and complies with all applicable listing rules, laws, and other regulatory requirements.

Shangtang Group's monthly securities change report submitted on August 31, 2024, shows significant changes in Class A and Class B shares. According to the report, Shangtang Group's Class A shares experienced a large-scale conversion in August, with 6,906,080,602 Class A shares converted into Class B shares. This conversion was completed on August 27, 2024, and was detailed in the disclosure report the following day. After the conversion, the total issued shares of Class B shares increased to 34,528,336,530 shares, while Class A shares decreased to 614,034,470 shares. Additionally, the report mentioned that the conversion was carried out based on shares held by Professor Tang Xiao'ou through Amind Inc. Shangtang Group confirmed that all securities issuance or transfer of treasury shares has been formally authorized and approved by the board of directors, and complies with all applicable listing rules, laws, and other regulatory requirements.