On October 11, Geelong announced that the shareholder Deqing Pu Ying Investment Management Partnership Enterprise (Limited Partnership) - Ningbo Meishan Bonded Port Area Pu Hua Hui Xin Equity Investment Partnership Enterprise (Limited Partnership) (hereinafter referred to as 'Pu Hua Hui Xin'), held 38,690,733 shares of the company as of the announcement date, accounting for 9.28% of the total share capital of the company, with the shares originating from those held before the initial public offering. It plans to reduce its shareholding by a total of no more than 17,931,000 shares through centralized bidding/bulk transactions within three months after the disclosure date (from November 2, 2024 to February 1, 2025), not exceeding 4.30% of the total share capital of the company.

The shareholder of the company Anhui Zhongcai Jinkong New Media Industry Fund (Limited Partnership) (hereinafter referred to as 'Zhongcai Jinkong') held 27,083,513 shares of the company as of the announcement date, accounting for 6.49% of the total share capital of the company, with the shares originating from those held before the initial public offering. It plans to reduce its shareholding by a total of no more than 13,541,756 shares through centralized bidding/bulk transactions within three months after the disclosure date (from November 2, 2024 to February 1, 2025), not exceeding 3.25% of the total share capital of the company.