Sanda Film: Shareholders holding more than 5% of the shares plan to reduce their holdings by no more than 3%.

Sanda membrane announced that the shareholder Qingyuan Co., Ltd., with more than 5% of the shares, holds 24.81% of the company's shares. It plans to reduce its holdings by a maximum of 9.96 million shares, or no more than 3% of the total share capital, through centralized bidding and block trading from February 9th to May 8th. Among them, centralized bidding will not exceed 3.32 million shares, and block trading will not exceed 6.64 million shares. The reduction is due to its own capital needs, and complies with relevant regulations and previous commitments. It will not affect corporate governance and control rights. There is uncertainty in the timing, quantity, and price of the reduction.