Some directors and executives of ARTS Group Co., Ltd (603017.SH) plan to reduce their holdings in the company.

ARTS Group Co., Ltd (603017.SH) announced that, due to personal financial needs, some directors and executives of the company plan to reduce their shareholdings. Mr. Lu Xuejun, director and vice general manager of the company, plans to reduce his holdings by up to 760,700 shares, representing 0.28% of the total share capital; Mr. Zhang Yancheng, director of the company, plans to reduce his holdings by up to 504,000 shares, representing 0.18% of the total share capital; Mr. Hu Xiangming, vice general manager of the company, plans to reduce his holdings by up to 7,000 shares, representing 0.003% of the total share capital; Mr. Xue Jinhai, vice general manager of the company, plans to reduce his holdings by up to 149,000 shares, representing 0.05% of the total share capital; Ms. Tan Lihua, vice general manager of the company, plans to reduce her holdings by up to 75,000 shares, representing 0.03% of the total share capital; Mr. Hu Yixin, vice general manager and secretary of the board of directors, plans to reduce his holdings by up to 20,000 shares, representing 0.01% of the total share capital.