Xinhongze: Yize Holdings plans to reduce its shareholding in the company by no more than 3.00%.

Xin Hongze announcement, the controlling shareholder Yize Holdings plans to reduce its shareholding in the company by a total of no more than 6,692,800 shares through centralized bidding and block trading within 3 months after the disclosure of this announcement. The reduction will not exceed 3.00% of the total share capital of the company. Yize Holdings currently holds a 63.74% stake in the company, and the reason for this reduction is for its own fund needs. The reduction price will not be lower than the company's stock issuance price.