Proposed reductions in holdings of Fanke Electric: Yang Houqun, Qin Yong, and Yang Xiaolin plan to reduce their holdings of the company's shares by 0.91%, 1.62%, and 0.46% respectively.

Notice of Change in Power Grid, shareholder Yang Houqun intends to reduce the company's shares through centralized bidding and block trading, with a reduction of no more than 3.04 million shares, accounting for 0.91% of the total share capital of the company. Qin Yong plans to reduce the company's shares through centralized bidding and block trading, with a reduction of no more than 5.4 million shares, accounting for 1.62% of the total share capital of the company. Yang Xiaolin plans to reduce the company's shares through centralized bidding and block trading, with a reduction of no more than 1.53 million shares, accounting for 0.46% of the total share capital of the company. The reduction period is from July 15, 2025 to October 14, 2025, and the reduction price shall not be lower than the issue price of the company's initial public offering.