Qinchuan IoT: The company plans to reduce its holdings by no more than 1.68 million shares of repurchased shares, accounting for 1% of the total share capital of the company.

Qinchuan Internet of Things announced on the evening of September 9th that the company plans to sell no more than 1% of the total share capital (168,000 shares that have been repurchased) through centralized bidding trading method within three months after the disclosure of this announcement, starting from the day of the disclosure, at market price.