Zhejiang Shibao: Controlling shareholder intends to reduce its shareholding in the company by no more than 2%

Zhejiang Shipu announced that the company's controlling shareholder, Shipu Holdings, plans to reduce its A-share holdings through block trading within 3 months after 15 trading days from the date of this announcement to a total of no more than 16,452,647 shares, which is not more than 2% of the total share capital of the company. The reason for the reduction is the shareholder's own capital needs, and the shares are from the shares issued before the company's initial public offering and the shares obtained by capital reserves. This reduction plan will not change the control of the company, and will not have a significant impact on the company's governance structure and ongoing operations.