According to the Jiafa Education announcement, shareholder Chen Daqiang plans to reduce his holdings of the company's shares by no more than 11985,437 shares through centralized bidding or bulk transactions within three months after 15 trading days from the date of disclosure of the announcement, accounting for 3.00% of the company's total share capital. The reason for the reduction in holdings was due to personal capital requirements. The source of the reduction in shares was the company's shares before the initial public offering and shares obtained after the capital was transferred from the capital reserve fund.

According to the Jiafa Education announcement, shareholder Chen Daqiang plans to reduce his holdings of the company's shares by no more than 11985,437 shares through centralized bidding or bulk transactions within three months after 15 trading days from the date of disclosure of the announcement, accounting for 3.00% of the company's total share capital. The reason for the reduction in holdings was due to personal capital requirements. The source of the reduction in shares was the company's shares before the initial public offering and shares obtained after the capital was transferred from the capital reserve fund.