Gao Weida: Shareholder UnionPay Technology plans to reduce its stake by no more than 2.43%

Gaoweida Announcement: Shareholder UnionPay Technology, holding more than 5% of the shares, plans to reduce its holdings of the company's shares through centralized bidding and block trading within 3 months after 15 trading days from the disclosure date of the announcement, not exceeding 10.8 million shares, that is, not exceeding 2.43% of the total share capital of the company. As of the disclosure date of the announcement, UnionPay Technology holds 32.7016 million shares of Gaoweida, accounting for 7.37% of the total share capital of the company. This reduction is due to the funding turnover needs of UnionPay Technology and will not affect the company's control rights and governance structure. The reduction price will be determined based on market prices.