Competitive Reach: Controlling shareholder, actual controller Qian Rui, Jiang Yuandong intends to reduce their holdings of the company's shares by no more than 3%.

Jingyeda announced that the company's controlling shareholder and actual controller Qian Rui and Jiang Yuandong collectively hold 49.47% of the company's shares and plan to reduce their holdings by no more than 6.9415 million shares, or 3% of the total share capital of the company, through centralized bidding and block trading within three months after the date of this announcement. The reason for the reduction is their own fund requirements, and the reduction price will be determined based on the secondary market price.