Xueqi Electric: Zhidao Investment and Shiqian Zhong plan to reduce their stakes by 1% and 3% respectively.

Snow Electricity Announcement: Shareholder Anhui Zhidao Investment Co., Ltd., with a shareholding of over 5%, plans to reduce its holdings by no more than 1.83 million shares, accounting for 1% of the total share capital of the company. Shareholder Shiqianzhong plans to reduce its holdings by no more than 5.491 million shares, accounting for 3% of the total share capital of the company. The reduction method includes centralized bidding and block trading, with the reduction period from May 23, 2025 to August 22, 2025. The reduction price shall not be lower than the company's stock issuance price.