Taeda Group: Controlling shareholder Taeda Investment plans to reduce its shareholding by no more than 2%.

Taida Group announcement: The controlling shareholder, Tianjin Taida Investment Holding Co., Ltd., holds 487 million shares, accounting for 32.98% of the total. They plan to reduce their holdings by no more than 29.3836 million shares through block trading within 3 months after the disclosure of this announcement, starting from the date of the announcement, not exceeding 2% of the total share capital after excluding shares held in the repurchase special account. The selling price will be determined based on market prices.