Tigermed: Controlling Shareholder Intends to Reduce its Holding of Company Shares by no more than 3%

Taikang Stock announced that the controlling shareholder of the company, Changsha Zhengyuan Enterprise Management Co., Ltd., will reduce its holdings of company shares by a total of no more than 7,552,126 shares within 3 months after 15 trading days from the date of this announcement, using centralized bidding and block trading methods, with a reduction ratio of no more than 3.00% of the total share capital of the company. Among them, the reduction through centralized bidding trading will not exceed 1.00% of the total share capital of the company; the reduction through block trading will not exceed 2.00% of the total share capital of the company. The reason for the reduction is the need for its own funds. The source of the reduction shares is the shares held before the initial public offering of the company's stock and the shares obtained through the capital reserve transfer of the company.