Lanshi Heavy Industries: Hualing Xianggang plans to reduce its shareholding in the company by no more than 3%.

Lan Shi announced that Huaxiang Steel, a shareholder holding over 5% of the company's shares, plans to reduce its holdings by no more than 39.1888 million shares within 3 months after 15 trading days from the announcement date through centralized bidding and block trading for business development needs. This represents 3% of the total share capital of the company. Currently, Huaxiang Steel holds 6% of the company's shares, acquired through agreement transfer. The selling price for this reduction will be determined by the market price, and the reduction plan complies with relevant laws and regulations.