On October 14, Carthane (603037.SH) announced that, in accordance with the shareholding reduction plan disclosed in September 2024, on October 14, 2024, Mr. Yang Yingtao transferred 1.1115% of the company's shares held by him to Mr. Hou Zhenkun through block trading.

Mr. Yang Yingtao had disclosed an equity change report in November 2022. After this transaction, Mr. Yang Yingtao's shareholding proportion decreased by approximately 5%. This transfer is an internal shareholding adjustment among concerted parties. After this transfer, the concerted action relationship among Yang Yingtao, Yang Jiangang, Hou Ruihong, and Hou Zhenkun remains unchanged. The four individuals still act as the actual controllers of the company, and the total shareholding proportion remains unchanged, with no reduction in holdings in the market.