Chairman Liu Chang of Camel Group Co., Ltd. (601311.SH) plans to reduce his holdings by no more than 7.2 million shares.

Camel Group Co., Ltd. (601311.SH) announced that it has recently received a notification letter from the chairman, Mr. Liu Changlai, regarding his stock reduction plan. The company now announces the details of the reduction plan as follows: Due to personal financial needs, Mr. Liu Changlai plans to reduce his holdings by no more than 7.2 million shares through centralized bidding and block trading methods. The reduction price will be determined based on the market price during the reduction period. The reduction plan will be carried out within three months after fifteen trading days from the date of this announcement.