According to the announcement by Guangyang Co., Ltd., the shareholder and director of the company, Cheng Shangnan, and his co-actor Changzhou Sinde Investment Co., Ltd. plan to reduce their holdings of the company's shares by no more than 9.23 million shares through centralized bidding or bulk transactions within three months after 15 trading days from the date of disclosure of the announcement, that is, no more than 1.6531% of the total share capital after excluding the company's share repurchase from the special securities account. Among them, Cheng Shangnan plans to reduce his holdings by no more than 7.8 million shares, and Sindh Investment plans to reduce his holdings by no more than 1.43 million shares. The holdings reduction price will be determined according to market conditions.

According to the announcement by Guangyang Co., Ltd., the shareholder and director of the company, Cheng Shangnan, and his co-actor Changzhou Sinde Investment Co., Ltd. plan to reduce their holdings of the company's shares by no more than 9.23 million shares through centralized bidding or bulk transactions within three months after 15 trading days from the date of disclosure of the announcement, that is, no more than 1.6531% of the total share capital after excluding the company's share repurchase from the special securities account. Among them, Cheng Shangnan plans to reduce his holdings by no more than 7.8 million shares, and Sindh Investment plans to reduce his holdings by no more than 1.43 million shares. The holdings reduction price will be determined according to market conditions.