Xue Long Group: Ningbo Lianzhan plans to reduce holdings by 1.95%

Announcement from Xuelong Group: Ningbo Lianzhan, a shareholder holding 3.73% of the company's shares, plans to reduce its holdings within 3 months after 15 trading days from the disclosure of this announcement, by no more than 4.11 million shares, which is not more than 1.95% of the total number of company shares. This includes reducing up to 2.11 million shares through centralized bidding and up to 1.99 million shares through block trades. Within any consecutive 90 days, the reduction through centralized bidding will not exceed 1.00% and through block trades will not exceed 0.95%.