According to the Jieqiang Equipment announcement, the company recently received a notification letter from Qiao Shunchang, a specific shareholder holding 886,952 shares of the company. Due to his own capital requirements, Qiao Shunchang plans to reduce his holdings of the company's shares by no more than 886,952 shares through centralized bidding transactions within 3 months after 3 trading days from the date of disclosure of the announcement, accounting for no more than 0.8884% of the company's total share capital. The source of this reduction in holdings was the company's shares prior to its initial public offering and shares obtained through equity distribution. The price of the reduction was determined according to the market price and transaction method at the time of the holdings reduction. This reduction in holdings will not lead to a change in the company's control and will not have a significant impact on the company's governance structure and continuous operation.

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