Zhonghuan Holdings: Shareholders Chen Liang and Mu Chaoyong plan to reduce their holdings by 1.02% and 0.24% respectively.

Zhonghuan Corporation announced that shareholders Chen Liang and Mu Chaoyong are planning to reduce their holdings. Chen Liang currently holds 4.2315 million shares, accounting for 4.09%; he plans to reduce his holdings by no more than 1.057 million shares, accounting for 1.02%. The method will be through centralized bidding or block trading, starting from 30 trading days after the date of this announcement and within 3 months. Mu Chaoyong currently holds 981,000 shares, accounting for 0.95%; he plans to reduce his holdings by no more than 245,000 shares, accounting for 0.24%. The method will be through centralized bidding or block trading, starting from 15 trading days after the date of this announcement and within 3 months. Both individuals acquired their shares before the listing on the North exchange. The reason for the reduction is personal financial needs.