According to the announcement, Zhang Pinguang, the shareholder and chairman of the company, who holds more than 5% of the company's shares, reduced his holdings by 4.5 million shares through centralized bidding transactions, accounting for 0.87% of the total share capital. The average price reduction price was 17.47 yuan/share, and the reduced price range was 16.32 to 18.00 yuan/share. After the holdings were reduced, Zhang Pinguang's holdings fell to 53,146,457 shares, accounting for 10.25% of the total share capital. The current holdings reduction plan has been implemented. It will not lead to a change in the company's control, nor will it have a significant impact on corporate governance and operations.

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