Snowwave Environment: Shareholders plan to reduce their shareholding by no more than 3%.

Snow Wave Environment Announcement: Shareholders Yang Jianping and Xu Huifen collectively hold 57.6024 million shares of the company, accounting for 17.29% of the total share capital. They plan to reduce their holdings by no more than 9.9943 million shares, or 3% of the total share capital, within 15 trading days after the announcement, through centralized bidding or block trading. The reason for the reduction is family asset planning, and the shares come from shares already issued before the company's initial public offering and shares obtained through capital reserve conversion. The reduction period is 3 months, and the reduction price range will be determined based on market prices. This reduction plan is consistent with the intentions and commitments previously disclosed by the shareholders.