According to Kelai Electromechanical's announcement, Chen Jiukang, the controlling shareholder and actual controller of the company, reduced his holdings of the company's shares by a total of 2.622 million shares through centralized bidding and bulk transactions from September 15 to September 17, 2026, accounting for 1.00% of the company's total share capital. After this equity change, the total number of shares held by Chen Jiukang and his co-actors, was reduced from 97.013,200 shares to 94.3912 million shares, and the shareholding ratio was reduced from 37.00% to 36.00%. The equity change hit a 1% scale. The current holdings reduction is to fulfill the previously disclosed holdings reduction plan. It does not touch on the proposed acquisition, and will not lead to a change in the actual controller of the company. Currently, the holdings reduction plan has not been completed.

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