Reddick announced that Shen Renrong, one of the actual controllers, chairman and general manager of the company, plans to increase his holdings of the company within 6 months from the date of disclosure. The proposed increase in holdings is not less than RMB 20 million, and no more than RMB 40 million. The current plan to increase holdings does not set a price range for increasing holdings. Methods for increasing holdings include but are not limited to centralized bidding transactions, bulk transactions, etc.

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