Sanhui Electric: Shareholders holding more than 5% and their concerted parties plan to reduce their shareholding by no more than 3%.

Sanhui Electric announced that shareholder Yu Wenbiao, who together with his concert party Zhoushan Henghui Equity Investment Co., Ltd. holds more than 5% of the company's shares, totaling 11.08%, plans to reduce their holdings within three months starting 15 trading days after the announcement disclosure. They intend to reduce no more than 1% of the company's shares through centralized bidding and no more than 2% through block trades, with a cumulative reduction of no more than 4,014,450 shares. The reason for the reduction is their own financial needs. There is uncertainty regarding the implementation of this reduction plan, and it will not result in a change of control of the company.