Qicai Chemical announced that Mr. Xu Huixiang, the actual controller and chairman of the company, decided to terminate the current holdings reduction plan early after comprehensive consideration. The remaining unreduced holdings will not be reduced during the period of the current holdings reduction plan. Mr. Xu Huixiang originally planned to reduce his holdings by no more than 3.9912 million shares through centralized bidding and no more than 7.9823 million shares through bulk trading within 3 months after 15 trading days from the date of disclosure of the holdings reduction plan. During this holdings reduction period, Mr. Xu Huixiang actually reduced his holdings by 2.264,000 shares through centralized bidding, accounting for 0.57% of the total share capital, and reduced his holdings at an average price of 14.07 yuan. After reducing his holdings, Mr. Xu Huixiang held 45.9968 million shares of the company, accounting for 11.52% of the total share capital.

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