Nar Holdings: Wang Shuming and Yang Jiantang plan to reduce their respective holdings by 2.97% and 2.64% in the company.

Nar Holdings Announcement: Mr. Wang Shuming, a shareholder holding more than 5% of the shares, plans to reduce his holdings by no more than 10 million shares, accounting for 2.97% of the company's total share capital; Mr. Yang Jiantang, a shareholder, plans to reduce his holdings by no more than 9 million shares, accounting for 2.67% of the company's total share capital; executive Mr. Shen Weifeng plans to reduce his holdings by no more than 73,000 shares, accounting for 0.02% of the company's total share capital. The reduction methods include centralized bidding or block trades, and the reduction price will be determined based on market prices.