Shareholders Ningbo Baizhao and Ningbo Huazhao of Zhaomin Technology (301000.SZ) plan to collectively reduce their holdings of the company's shares by no more than 3%.

Zhaomin Technology (301000.SZ) announced that its shareholder Ningbo Baizhao plans to reduce its holdings of the company's shares through centralized bidding within 3 months from the date of this announcement, not exceeding 1,211,900 shares (including this number) (0.5% of the company's total share capital); and to reduce its holdings of the company's shares through block trading by not exceeding 2,423,950 shares (including this number) (1% of the company's total share capital).