On November 11, Gelonhui reported that Longxun shares (688486.SH) announced that on November 11, 2024, the company received a notice from Sequoia Capital informing that the shareholding of Longxun shares by Sequoia Capital had changed by more than 5% to reach 1%, between July 9, 2024, and July 29, 2024, a total of 436,500 shares were reduced, accounting for 0.4268% of the total share capital of the company; between October 21, 2024, and November 8, 2024, a total of 644,156 shares were reduced, accounting for 0.6298% of the total share capital of the company; on February 6, 2024, due to the company's 2024 restricted stock incentive plan, 6,000 shares of the first category of restricted stocks were granted to one incentive recipient who met the conditions, and the passive dilution ratio of the shares held by Sequoia Capital was 0.0007%; on June 3, 2024, due to the company's annual equity distribution for 2023, with May 31, 2024, as the record date for implementing the equity distribution, the total share capital was deducted from the shares in the company's repurchase special securities account to increase the share capital with capital reserves by 4.8 shares for every 10 shares for all shareholders, and the passive increase ratio of the shares held by Sequoia Capital was 0.0173%. As of the date of this announcement, Sequoia Capital's total shareholding change is 1.0400%.