ShaoNeng Group: Shareholders intend to reduce their holdings of the company's shares by no more than 3%.

Shao Energy announced that the company has received a "Notice Letter on Shareholder's Reduction Plan" from Shenzhen Zhaowei Hengfa Energy Co., Ltd., a shareholder holding more than 5% of the company. Shenzhen Zhaowei plans to reduce the total number of company stocks through block trading and centralized auction in the three months after 15 trading days from the date of the announcement, not exceeding 31.4441 million shares, accounting for 3.00% of the company's share capital excluding shares held in the company's repurchase special account.