According to the announcement of Baida Group, East-West Joint Holdings Co., Ltd., which holds more than 5% of the shares, originally planned to reduce its holdings by no more than 11,287,200 shares through centralized bidding and bulk transactions, that is, no more than 3% of the company's total share capital. During the holdings reduction period, Xizi United reduced its holdings of 3,734,100 shares through bulk transactions, accounting for 0.99% of the total share capital. The total amount of reduced holdings was 39.9014 million yuan, and the reduction of 7,553,100 shares was not completed. After this change in equity, the total shareholding ratio of Xizi United and its co-actor Chen Guihua fell from 15.00% to 14.01%.

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