Core Viewpoint - Century Tianhong (300654.SZ) announced a share reduction by its controlling shareholder, Xinjiang Zhihong Education Investment (Group) Co., Ltd., which reduced its stake in the company by 3,842,700 shares, representing 1.05% of the total share capital [1] Group 1 - The share reduction occurred between November 27, 2025, and December 1, 2025, through block trading and centralized bidding [1] - Prior to the reduction, Zhihong Education and its concerted parties, Mr. Ren Lun and Mr. Ren Zhicheng, held a total of 178,431,912 shares, accounting for 48.74% of the total share capital [1] - After the reduction, their total holdings decreased to 174,589,212 shares, which is 47.69% of the total share capital, marking a change that touches the integer multiple of 1% [1]

关于控股股东及其一致行动人持股比例变动触及 1%整数倍 的提示性公告 控股股东新疆志鸿教育投资（集团）有限公司及其一致行动人任伦先生、任 志成先生保证向本公司提供的信息内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 世纪天鸿教育科技股份有限公司（以下简称"公司"）于 2025 年 8 月 14 日 披露了《关于公司控股股东减持股份预披露公告》（公告编号：2025-041），具体 内容详见公司指定信息披露网站巨潮资讯网（www.cninfo.com.cn）披露的相关公 告。 公司近日收到控股股东新疆志鸿教育投资（集团）有限公司（以下简称"志 鸿教育"）出具的《股份减持告知函》，获悉志鸿教育于 2025 年 11 月 27 日至 2025 年 12 月 1 日，通过大宗交易和集中竞价方式合计减持公司股份 3,842,700 股，占 公司总股本比例 1.05%。本次权益变动前，志鸿教育及其一致行动人任伦先生、 任志成先生合计持有公司股份 178,431,912 股，占公司总股本比例 48.74%。本次 权益变动后，志鸿教育及其一致行动 ...

Core Viewpoint - Multiple shareholders across various companies are planning to reduce their stakes, indicating potential shifts in ownership dynamics and investor sentiment in the A-share market [1] Shareholder Reductions - Perfect World: Actual controller Chi Yufeng plans to reduce holdings by no more than 1.7% [1] - Jiangsu Boyun: Shareholder Blue Three Venture Capital intends to reduce holdings by no more than 1% [1] - Matrix Technology: Li Jun plans to reduce holdings by no more than 60,000 shares [1] - Zhongzhi Technology: Zhongzhi Investment plans to reduce holdings by no more than 0.76% [1] - Yidelong: Shareholder Wang Ming plans to reduce holdings by no more than 3.2 million shares [1] - Zhongman Petroleum: Multiple shareholders plan to collectively reduce holdings by no more than 13.869 million shares [1] - Innovation New Materials: Hualian Group plans to reduce holdings by no more than 37.5607 million shares [1] - Funeng Technology: Shareholder Shanghang Xingyuan plans to reduce holdings by no more than 20.551 million shares [1] - Kaichuang International: Xiaojian Technology and its concerted actions plan to reduce holdings by 4.0247 million shares [1] - Tiansheng Biological: Shareholder Guoshou Chengda plans to reduce holdings by 571,800 shares [1] - Century Tianhong: Zhihong Education has cumulatively reduced holdings by 1.26% [1] - Zhongke Software: Kesoft Chuangyuan has reduced holdings by 0.50% [1] - Haizhu Shares: Pu Huahui has cumulatively reduced holdings by 0.94% [1] Other Notable Events - Jincheng Pharmaceutical: Termination of intended cooperation matters [1] - Ruijie Network: Shareholder agreement expiration leads to the dissolution of concerted action [1]

Core Viewpoint - The company, Century Tianhong (300654.SZ), has received a notice from its controlling shareholder, Xinjiang Zhihong Education Investment (Group) Co., Ltd., regarding a share reduction event that occurred between November 24 and November 26, 2025 [1] Group 1 - Xinjiang Zhihong Education reduced its shareholding by a total of 4,630,493 shares, representing 1.26% of the company's total share capital [1] - Prior to this reduction, Xinjiang Zhihong Education and its concerted actors held a total of 183,062,405 shares, accounting for 50.00% of the company's total share capital [1] - After the reduction, the total shares held by Xinjiang Zhihong Education and its concerted actors decreased to 178,431,912 shares, which is 48.74% of the company's total share capital, marking a change that touches upon a 1% integer multiple [1]

格隆汇11月27日丨世纪天鸿(300654.SZ)公布，公司近日收到控股股东新疆志鸿教育投资（集团）有限 公司（简称"志鸿教育"）出具的《股份减持告知函》，获悉志鸿教育于2025年11月24日至2025年11月26 日，通过集中竞价和大宗交易方式合计减持公司股份4,630,493股，占公司总股本比例1.26%。本次权益 变动前，志鸿教育及其一致行动人任伦先生、任志成先生合计持有公司股份183,062,405股，占公司总股 本比例50.00%。本次权益变动后，志鸿教育及其一致行动人任伦先生、任志成先生合计持有公司股份 178,431,912股，占公司总股本比例48.74%，持股比例变动触及1%的整数倍。 ...

Core Viewpoint - The AI content sector is experiencing a downturn, with significant declines in stock prices for several companies [2] Company Performance - Shanghai Film has seen a drop of 7.39% in its stock price [2] - Rongxin Culture's stock price decreased by 4.36% [2] - Dook Culture's stock price fell by 3.93% [2] - Other companies such as Zhongwen Online, Century Tianhong, and Vision China also experienced declines of over 2% [2]

Summary of Key Points Core Viewpoint - On November 26, Century Tianhong executed a block trade of 1.5 million shares, amounting to 16.71 million yuan, which represented 3.22% of the total trading volume for the day, with a transaction price of 11.14 yuan, reflecting a discount of 0.98% compared to the market closing price of 11.25 yuan [1]. Group 1: Transaction Details - The transaction date was November 26, 2025, with the stock code 300654 for Century Tianhong [2]. - The transaction price was 11.14 yuan per share, with a total volume of 150,000 shares [2]. - The total transaction amount was 16.71 million yuan, with the buyer being Guojin Securities Co., Ltd. and the seller being CITIC Securities (Shandong) Co., Ltd. [2].

Group 1 - The company, Century Tianhong (300654), reported that as of November 20, 2025, the latest number of shareholders is 30,334 [1]

Group 1 - The core viewpoint of the news is that Century Tianhong's stock has shown a positive trend with a 12.31% increase year-to-date and a recent rise of 8.99% over the last five trading days, indicating strong market interest and performance [1] - As of November 24, Century Tianhong's stock price reached 11.27 CNY per share, with a total market capitalization of 4.126 billion CNY and a trading volume of 211 million CNY [1] - The company has seen a net inflow of 6.2866 million CNY from major funds, with significant buying activity from large orders, indicating investor confidence [1] Group 2 - For the period from January to September 2025, Century Tianhong reported a revenue of 382 million CNY, reflecting a year-on-year decrease of 1.73%, while the net profit attributable to shareholders was 25.8122 million CNY, down 18.01% compared to the previous year [2] - The company has distributed a total of 116 million CNY in dividends since its A-share listing, with cumulative payouts of 55.2801 million CNY over the past three years [2] Group 3 - Century Tianhong is primarily engaged in the planning, design, production, and distribution of educational supplementary books, with its main business revenue composition being 86.37% from educational books, 7.86% from planning fees, and smaller contributions from other services [1] - The company is categorized under the media and publishing industry, specifically in educational publishing, and is associated with concepts such as AI corpus and online education [1]

Core Viewpoint - The company is actively promoting its "AI + Education" business model, focusing on the development and commercialization of its AI-powered teaching assistant product, "Xiao Hong Assistant" [2] Group 1: AI Education Initiatives - The company has made significant strides in AI education, with "Xiao Hong Assistant" being a key product developed based on a large language model [2] - "Xiao Hong Assistant" was showcased at the Education Expo held in Zhuhai, Guangdong, from November 15 to 17, in collaboration with Beijing Normal University, highlighting its role in generating core competency lesson plans [2] - The product has garnered attention from the market and frontline teachers, indicating a positive reception [2] Group 2: Business Development and Market Response - The company is implementing its commercialization strategy for "Xiao Hong Assistant" in select regions and schools, with progress being made as planned [2] - Future business developments will be disclosed in the company's regular reports, suggesting ongoing transparency and communication with investors [2]