General Elevator: The controlling shareholder and some directors and senior executives plan to reduce their shareholdings by no more than 3.21%.

Universal Elevator Announcement stated that the actual controller Xu Zhiming, Director Zhang Jianlin, and Director Gu Yuejiang plan to reduce their shareholding within 3 months after 15 trading days from the disclosure date due to capital needs. Xu Zhiming plans to reduce his shareholding by no more than 7.2951 million shares through centralized bidding and/or block trading; Zhang Jianlin and Gu Yuejiang plan to reduce their shareholding by no more than 0.2977 million shares and 0.2233 million shares respectively through centralized bidding, accounting for 0.12% and 0.09% of the total share capital. The uncertainty of this reduction plan will not result in a change in the company's controlling rights.