Wuhai Electromechanical: The shareholder with a 12.90% stake plans to reduce their holdings by no more than 2.98%.

Hetai Electromechanical announced that its shareholder, Hangzhou Haitai Essence Entrepreneurship Investment Partnership, plans to reduce its holdings by up to 12.90% from December 4, 2021 to March 3, 2026 through centralized bidding or block trading, with a total reduction of no more than 1,959,800 shares. Among them, up to 658,700 shares will be sold through centralized bidding and up to 1,317,300 shares will be sold through block trading. The reduction is based on the needs of employees' funds, and the shares come from shares issued before the company's initial public offering, with a minimum selling price of 43.09 yuan per share. This reduction will not affect the company's governance and control rights.