Ning Shui Group: Controlling shareholder's concerted action person, Lan Mo No. 8, intends to transfer 2.034 million shares.

Ning Shui Group Announcement: Due to family asset planning, the controlling shareholder and concerted action person Shanghai Lanmo Investment Management Co., Ltd. - Lanmo Private Enjoyment No. 8 Private Equity Securities Investment Fund plans to transfer 2.034 million shares it holds through block trading to Wu Xin and Yang Ming. After this transfer is completed, Lanmo No. 8 will no longer hold company shares, and Wu Xin and Yang Ming will be added as the new controlling shareholders and concerted action persons. The internal transfer plan will be implemented at a designated time 15 trading days after the company's disclosure date. This transfer is an internal share adjustment among concerted action persons and does not involve reducing holdings in the market. The total number and proportion of shares held by the company's controlling shareholders and their concerted action persons remain unchanged.