Runxin Technology: Runxin Information plans to reduce its stake in the company by no more than 3.00%.

Runxin Technology Announcement: The company's controlling shareholder Runxin Information holds a total of 106 million shares of the company's stock, accounting for 20.65% of the total share capital of 513 million shares. Runxin Information plans to reduce its holdings of company shares through centralized bidding and block trading within three months after the disclosure of this announcement, not exceeding a total of 15.3772 million shares, or 3.00% of the total share capital. Within any consecutive 90 calendar days, the total number of shares sold through centralized bidding shall not exceed 1.00% of the total share capital, i.e. 5.1258 million shares; the total number of shares sold through block trading shall not exceed 2.00% of the total share capital, i.e. 10.2515 million shares. The reason for the reduction is for its own capital needs.