Xinyada announced that the plans to reduce the holdings of the company's director and president Lin Lu and vice president Wei Kuanhong have been implemented. The holdings of Qianlin Road were reduced by 574,400 shares, accounting for 0.12% of the total share capital; Wei Kuanhong held 458,800 shares, accounting for 0.10% of the total share capital. During the holdings reduction period, Lin Lu reduced his holdings by 140,000 shares through centralized bidding, accounting for 0.03% of the total share capital, and the total amount of reduced holdings was 1.441,600 yuan. Wei Kuanhong reduced his holdings of 110,000 shares through centralized bidding, accounting for 0.024% of the total share capital, and reduced his holdings by 1.777 million yuan. Currently, he holds 34800 shares, accounting for 0.075%. This holdings reduction complies with relevant regulations and is consistent with the previously disclosed holdings reduction plan.

Xinyada announced that the plans to reduce the holdings of the company's director and president Lin Lu and vice president Wei Kuanhong have been implemented. The holdings of Qianlin Road were reduced by 574,400 shares, accounting for 0.12% of the total share capital; Wei Kuanhong held 458,800 shares, accounting for 0.10% of the total share capital. During the holdings reduction period, Lin Lu reduced his holdings by 140,000 shares through centralized bidding, accounting for 0.03% of the total share capital, and the total amount of reduced holdings was 1.441,600 yuan. Wei Kuanhong reduced his holdings of 110,000 shares through centralized bidding, accounting for 0.024% of the total share capital, and reduced his holdings by 1.777 million yuan. Currently, he holds 34800 shares, accounting for 0.075%. This holdings reduction complies with relevant regulations and is consistent with the previously disclosed holdings reduction plan.