According to Chaoda Equipment's announcement, the shareholder Jinan Quanxing Huanneng Investment Partnership had previously planned to reduce its holdings by no more than 1611,000 shares. Due to equity distribution, convertible debt-for-equity swaps, etc., the amount of holdings that can be reduced was adjusted to no more than 1,748 million shares. As of August 11, the implementation of its holdings reduction plan was completed. A total of 1,327,900 shares were reduced through centralized bidding and bulk transactions, accounting for 1.62% of the total share capital. After the holdings were reduced, the shareholder's shareholding ratio fell to 4.99995%. This reduction in holdings will not lead to a change in the company's control and will not adversely affect the company.

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