JOINN (06127) announced that the company received a notice on January 23, 2026, from one of its actual controllers, Zhou Zhiwen, regarding a reduction in his shareholdings. Between January 22, 2026, and January 23, 2026, Zhou Zhiwen cumulatively reduced his holdings by 4.1537 million shares via centralized bidding on the Shanghai Stock Exchange, accounting for 0.55% of the company's current total share capital, and by 5.95 million shares via block trades, accounting for 0.79% of the total share capital. Following this change in equity interests, the combined shareholding ratio of the actual controllers, Zhou Zhiwen and Feng Yuxia, decreased from 32.27% to 30.93%, with the change exceeding the 1% threshold.