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Group Ltd reports that director Furong Cao and shareholder Zhanchang Xin have entered into an acting in concert agreement dated July 5, 2025. Ms. Cao, directly and through Ahanzhai Development Limited, holds 9,800,000 Class B ordinary shares, representing approximately 4.9% of outstanding ordinary shares and 44.9% of aggregate voting power. Mr. Xin, directly and through LX Management Company Limited, holds 10,200,000 Class B ordinary shares, representing approximately 5.1% of outstanding ordinary shares and 46.8% of aggregate voting power. Under the agreement, they intend to act in concert on all shareholder and board matters, voting together when they reach a unanimous view and voting against if they disagree. As a result, each can be deemed a beneficial owner of about 10.0% of outstanding ordinary shares and 91.7% of aggregate voting power, concentrating effective control while the agreement remains in force until terminated.