Economic Observation Network The Meizhigao employee shareholding platform implemented a small reduction in holdings from mid May to early July, and the changes in the shareholding ratio of the controlling shareholder and concerted action persons did not change the company's control.

Reasons for stock price fluctuations:
The company's employee stock ownership platform experienced a slight reduction in holdings from mid May to early July, resulting in the controlling shareholder and concerted action person's shareholding ratio dropping from 71% to below 70% Although it does not change control, attention should be paid to future developments.

The above content is based on publicly available information and does not constitute investment advice.