Friendtimes Co., Ltd. ("Friendtimes") issued a voluntary announcement on July 23, 2024, announcing that its controlling shareholder, Mr. Jiang Xiaohuang, increased his shareholding in the company by approximately 0.19% through Eternal Heart Holdings Limited's cumulative share purchases in the public market from July 12 to 18, 2024, with a total of 4,086,000 shares. After the purchase of these shares, the number of shares held by Eternal Heart increased to 941,774,116 shares, and Mr. Jiang Xiaohuang's percentage of shareholding increased from the original 59.00% to approximately 59.19%. The board of directors stated that this reflects the confidence of the controlling shareholder in the long-term development and prospects of Friendtimes. The announcement also pointed out that after the share purchase, the company still maintains sufficient public shareholding and the transaction does not trigger mandatory general offer obligations. The company will continue to monitor the shareholding situation of the controlling shareholder and disclose information in a timely manner in accordance with relevant laws and regulations.

Friendtimes Co., Ltd. ("Friendtimes") issued a voluntary announcement on July 23, 2024, announcing that its controlling shareholder, Mr. Jiang Xiaohuang, increased his shareholding in the company by approximately 0.19% through Eternal Heart Holdings Limited's cumulative share purchases in the public market from July 12 to 18, 2024, with a total of 4,086,000 shares. After the purchase of these shares, the number of shares held by Eternal Heart increased to 941,774,116 shares, and Mr. Jiang Xiaohuang's percentage of shareholding increased from the original 59.00% to approximately 59.19%. The board of directors stated that this reflects the confidence of the controlling shareholder in the long-term development and prospects of Friendtimes. The announcement also pointed out that after the share purchase, the company still maintains sufficient public shareholding and the transaction does not trigger mandatory general offer obligations. The company will continue to monitor the shareholding situation of the controlling shareholder and disclose information in a timely manner in accordance with relevant laws and regulations.