Zhi Mingda: Three shareholders plan to reduce their holdings in the company.

Announcement from Zhimingda: Director and Co-Chairman Jiang Hu plans to reduce his holdings by no more than 27,290 shares, or 0.0163% of the total shares of the company, within 3 months after 15 trading days from the announcement of this reduction plan through centralized bidding. Director and CEO Long Bo plans to reduce his holdings by no more than 25,334 shares, or 0.0151%. Deputy General Manager Wan Chonggang plans to reduce his holdings by no more than 6,376 shares, or 0.0038%. All three individuals plan to reduce their holdings due to personal financial needs, and the shares originate from equity incentive shares.