Cig Shanghai (06166): Directors and executives plan to reduce their holdings of company shares.

CIG Shanghai (06166) has announced that Mr. Zhang Jie, Mr. Zhao Hongwei, and Mr. Cheng Gucheng plan to reduce their shareholding in the company through centralized bidding trading after fulfilling the obligation to disclose the reduction of shares for fifteen trading days in advance, where: Mr. Zhang Jie plans to reduce no more than 27,375 shares, accounting for 0.008% of the total shares of the company; Mr. Zhao Hongwei plans to reduce no more than 14,150 shares, accounting for 0.004% of the total shares of the company; Mr. Cheng Gucheng plans to reduce no more than 9,375 shares, accounting for 0.003% of the total shares of the company. The reduction price will be determined by the market price, and will not be lower than the issuance price of the company's stock (if there are dividend distribution, bonus issue, capital reserve capitalization, rights issue, or other ex-rights and ex-dividend events during the planned reduction period, the quantity of shares to be reduced and the reduction price will be adjusted accordingly). As of the date of this announcement, director Mr. Zhang Jie holds 109,500 shares of the company, accounting for 0.031% of the total shares of the company (3.53 billion shares, the same below); director Mr. Zhao Hongwei holds 56,600 shares of the company, accounting for 0.016% of the total shares of the company; Vice General Manager and Chief Financial Officer Mr. Cheng Gucheng holds 37,500 shares of the company, accounting for 0.011% of the total shares of the company. The above shares are derived from equity incentives and shares acquired through centralized bidding trading, and are all non-restricted tradable shares.