Lanqi Technology: Shanghai Rongying Enterprise Management Partnership Enterprise intends to reduce its shareholding by 1.00%.

Lanqi Technology Announcement: Shareholder Shanghai Rongying Enterprise Management Partnership Enterprise plans to reduce its holdings by 12.228 million shares, accounting for 1.00% of the total share capital of the company, through inquiry transfer. This transfer will be conducted through a non-public method, and the transferee must be an institutional investor with the corresponding pricing ability and risk tolerance. The transferee is not allowed to transfer the shares within 6 months after acquiring them. The reason for this reduction is the financial needs of the transferor.