The controlling shareholder and several directors and senior executives of the company plan to reduce their holdings of company shares.

The announcement of Zhongwei Company stated that the major shareholder Xunxin Investment plans to reduce its holdings of the company's shares by no more than 2% of the total share capital through centralized bidding and block trading within 3 months after 15 trading days from the disclosure date of the announcement. The source of this reduction comes from shares acquired before the IPO, and the reason for the reduction is for internal operational management needs. On the same day, the company announced that it has recently received the "Intention to Reduce Holdings Letter". Mr. Yin Zhiyao plans to reduce his holdings of the company's shares by no more than 100,000 shares, accounting for 0.016% of the total share capital. Mr. Cong Hai plans to reduce his holdings of the company's shares by no more than 11,003 shares, accounting for 0.002% of the total share capital. Mr. Tao Heng plans to reduce his holdings of the company's shares by no more than 5,844 shares, accounting for 0.001% of the total share capital. Mr. Jin Ju plans to reduce his holdings of the company's shares by no more than 6,250 shares, accounting for 0.001% of the total share capital. Mr. Chen Weiwen plans to reduce his holdings of the company's shares by no more than 80,000 shares, accounting for 0.013% of the total share capital. Mr. He Yi plans to reduce his holdings of the company's shares by no more than 15,000 shares, accounting for 0.002% of the total share capital. Mr. Jiang Yinxin plans to reduce his holdings of the company's shares by no more than 3,544 shares, accounting for 0.001% of the total share capital.