Great Wall Securities: Shareholder Shenzhen New Jiangnan plans to reduce their shareholding by no more than 2.7%.

Changcheng Securities announced that Shenzhen New Jiangnan Investment Co., Ltd., a shareholder holding more than 5% of the shares, plans to reduce its holdings of the company's shares by no more than 109 million shares within 3 months after the announcement date, through centralized bidding or block trading, accounting for no more than 2.7% of the company's total share capital. The reason for the reduction is for business development needs and capital requirements.