Double Happiness Co., Ltd.: Controlling shareholder and concerted action person intend to reduce their shareholding by 1.6%.

Announcement of Double Happiness Co., Ltd.: The company's controlling shareholder and concerted action parties, Taizhou Tongying Investment Management Center, Taizhou Gongying Investment Management Center, Taizhou Shuangying Investment Management Center, and Taizhou Gongxiang Investment Management Center, plan to reduce the company's shares by a total of no more than 1.6 million shares, accounting for 1.6% of the total share capital, within 3 months after 15 trading days from the date of announcement disclosure using centralized bidding and block trading methods. Among them, the reduction of shares by centralized bidding method shall not exceed 1 million shares, accounting for 1% of the total share capital; the reduction of shares by block trading method shall not exceed 0.6 million shares, accounting for 0.6% of the total share capital. The reason for the shareholding reduction is based on the funding needs of the platform personnel.