Aojie Technology: Shareholder Alibaba Network intends to reduce its holdings of the company's shares by no more than 3%.

Aojie Technology announced that shareholder Alibaba Network, due to its own arrangements, plans to reduce its holdings of the company's shares by a total of no more than 12.549 million shares within 3 months after 15 trading days from the date of this announcement, through block trades and centralized competitive trading, with a reduction of no more than 3% of the total share capital of the company. The reduction price will be determined based on market prices. If there are changes in the company's shares due to bonus issues or capital reserve fund capitalization, the quantity of shares to be reduced will be adjusted accordingly during the reduction period.