Tianqin Equipment: Shareholders Pan Jianhui and Zhang Peng plan to reduce their shareholding by no more than 1%.

Tianqin Equipment Announcement: Shareholders Pan Jianhui and Zhang Peng, due to their own financial needs, plan to reduce their holdings by a total of no more than 1.5876 million shares through centralized bidding trading within three months after the announcement date of this announcement. Each will account for 1.0000% of the total share capital of the company. As of the announcement date, Pan Jianhui and Zhang Peng held 2.9149 million shares and 2.9569 million shares, accounting for 1.8360% and 1.8625% respectively. The final implementation of this reduction plan is uncertain and will not result in a change of control of the company.