Zhongzi Technology: Shareholder Silver Saddle Ridge intends to reduce its holding of company shares by no more than 3%.

Zhongzi Technology Announcement: The company recently received a notice from shareholder Yinan Lingying regarding the plan to reduce its shareholding. Due to its own capital needs, Yinan Lingying plans to reduce the total number of company shares it holds through both centralized bidding and block trading methods by a combined total not exceeding 3,586,935 shares, which is equivalent to 3.00% of the total share capital of the company. Among them, the total number of shares to be reduced through centralized bidding is not more than 1,195,645 shares, or 1.00% of the total share capital of the company; the total number of company shares to be reduced through block trading is not more than 2,391,290 shares, or 2.00% of the total share capital of the company. The reduction period will be implemented within 3 months after 15 trading days from the date of this announcement.