Bai Li Tian Heng: Shareholder holding 6.91% of the shares plans to reduce their stake by no more than 1%.

Bailitienheng announced that as of the disclosure date of the announcement, OAPIII Limited, a shareholder holding 6.91% of the company's shares, holds 28,527,171 shares, which will be released on January 8, 2024. Due to its own funding needs, it plans to reduce its holdings through centralized bidding from February 9 to May 8, not exceeding 4,128,738 shares, or 1% of the total share capital. The reduction price shall not be lower than the company's IPO price. The implementation of the reduction plan is uncertain and will not have a significant impact on the company's governance and operations.