According to the announcement of Xingtong Co., Ltd., the company's shareholders and HaiVenture Capital originally planned to reduce their holdings by no more than 6.5 million shares through bulk transactions and no more than 1.361,000 shares through centralized bidding; Riying Investment plans to reduce their holdings by no more than 1.8899 million shares. As of the date of disclosure of the announcement, Hehai Venture Capital had not reduced its holdings and still held 26.99 million shares, accounting for 8.30% of the total share capital. Based on approval of the company's prospects and its own funding arrangements, Hehai Venture Capital decided to terminate the holdings reduction plan early.

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