Kuncai Technology: Controlling shareholder intends to reduce holdings by no more than 3% of the company's shares.

Kuncai Technology announced that its controlling shareholder and actual controller Xie Bingkun plans to reduce his holdings within three months after the disclosure of the announcement due to personal fund needs. He plans to reduce his holdings by no more than 6.552 million shares through centralized bidding and no more than 13.104 million shares through block trading, totaling no more than 19.656 million shares. The reduction plan is subject to uncertainty and will not have a significant impact on the company's governance structure and continued operation.