Fangsheng Co., Ltd.: Shareholder Ding Zhenhong plans to reduce his shareholding by no more than 1.75 million shares.

Fangsheng Co., Ltd. announced that shareholder and director Ding Zhenhong, who holds more than 5% of the shares, possesses 7.1016 million shares in the company, accounting for 8.1115% of the total share capital. He intends to reduce his holdings by no more than 1.75 million shares, representing 1.9988% of the total share capital, within three months after the 30 trading days from the date of this announcement, through centralized bidding or block trading.