Kexiang Co., Ltd. announced that the period of the company's senior managers Zheng Haitao and Liu Tao's share reduction plan has expired. Zheng Haitao reduced his holdings by 2181,000 shares through centralized bidding, accounting for 0.0504% of the total share capital after excluding repurchases of shares; Liu Tao reduced his holdings by 192,200 shares through centralized bidding, accounting for 0.0444% of the total share capital after excluding repurchases of shares. The actual amount of holdings reduction between the two did not exceed the planned amount of holdings reduction. The holdings reduction situation was consistent with the holdings reduction plan disclosed earlier, and there were no irregularities. This reduction in holdings will not lead to a change in the company's control, nor will it have a significant impact on the company's governance structure and continued operation.

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