Yinbang Stock: Shareholders plan to reduce their shareholding by no more than 1% of the company's shares.

Yinbang Corporation announced that its shareholder Wuxi Xinbang Technology Co., Ltd. plans to reduce its holdings of the company's shares by no more than 8,219,200 shares, or 1% of the total share capital of the company, through centralized competitive bidding trading. The reduction plan will be carried out within 3 months after 15 trading days from the date of announcement. The reason for the reduction is the need for self-capital, and the source of the shares is from the agreement transfer method. The reduction price will be determined based on the market price.