Kaisun holding: The controlling shareholder plans to reduce its stake by no more than 2%

Kai Chun Group Announcement: The controlling shareholder and actual controller Wang Li, along with the concerted action person Xu Lei, plan to reduce their holdings by no more than 1,593,300 shares, or 2% of the total share capital excluding those held in the repurchase special account. Wang Li and Xu Lei currently hold 30.57 million shares and 8.23 million shares of the company, respectively. This reduction in holdings is due to the shareholders' funding needs and will not result in a change in control of the company or have a significant impact on the corporate governance structure. The sale price will not be lower than the initial public offering price.