Shanghai Upper Group: Multiple Shareholders Plan to Reduce Their Holdings.

Announcement of Shangda Holdings: China National Mining holds 50 million shares, accounting for 13.45%, and plans to reduce its shareholding by no more than 3.5 million shares, or 0.94%, in a centralized auction within 3 months after the announcement for 15 trading days. Yao Xinchun, a specific shareholder, holds 15 million shares, accounting for 4.03%, and plans to sell no more than 3.4 million shares, or 0.91%, in bulk or in a centralized auction. Zhan Peizi Asset Management Plan holds 9.2967 million shares, accounting for 2.50%, and plans to sell no more than 7.6285 million shares, or 2.05%, in bulk or in a centralized auction.