Colin Electric: Several shareholders and directors propose to collectively reduce their holdings by no more than 3.00% of the shares.

Colin Electric announced that shareholders holding more than 5% of the shares, Zhang Chengsuo, Director and General Manager Wang Yong, and Director Dong Caihong plan to reduce their holdings. Zhang Chengsuo plans to reduce his holdings by no more than 9,222,970 shares, Wang Yong plans to reduce his holdings by no more than 900,000 shares, and Dong Caihong plans to reduce his holdings by no more than 1,976,604 shares. The reduction will take place from April 28 to July 27, at a price based on the market price and not lower than the issue price. The reduction is due to personal fund needs, and its implementation carries uncertainty, but it will not have a significant impact on corporate governance and operations.