Core Technology: Multiple shareholders intend to reduce their stake in the company.

Core Technology Announcement: The company's controlling shareholder, Singapore Core Technology, plans to reduce its holdings by no more than 4.2 million shares, accounting for 1.01% of the total share capital. In addition, shareholders holding more than 5% of the shares, Huamiao Investment and Yingnuo Investment, plan to reduce their holdings by no more than 4.2 million shares and 4 million shares respectively, accounting for 1.01% and 0.9577% of the total share capital. Senior management Li Shandan and Rao Lele also plan to reduce their holdings by no more than 165,000 shares and 80,000 shares respectively, accounting for 0.0396% and 0.0192% of the total share capital. The reduction plan will begin 15 trading days after the announcement and will be completed within the next three months. This reduction will not result in a change in the company's controlling interest.