The controlling shareholder and concerted action parties of Wangbian Electric Power reduced their shareholding by 1%.

On July 30, Chongqing Wangbian Electric Co., Ltd. announced that the company's controlling shareholder, actual controller, and their concerted action parties Yang Houqun, Qin Yong, Yang Xiaolin, etc., have reduced their shareholding, with the total shareholding ratio decreasing from 42.56% to 41.57%, triggering a change of 1% scale in equity. Specifically, Yang Houqun reduced 675,800 shares through block trading and 1,932,756 shares through bulk trading from July 23 to 28; Qin Yong reduced 357,800 shares through block trading and 150,000 shares through bulk trading during the same period; Yang Xiaolin reduced 197,700 shares through block trading on July 25. This reduction is in compliance with the disclosed plan, does not violate commitments, does not trigger a mandatory tender offer, nor will it result in a change of controlling shareholder or actual controller, and will not have a significant impact on the company's governance and operations. As of the announcement date, the reduction plan has not been completed, and the company will continue to disclose progress.