Yujing Company: Shareholder Que Shi Quan Li No. 1 plans to reduce its holdings of company shares by no more than 4.28 million shares.

Yujing Corporation announced on the evening of September 24th that its shareholder Hangzhou Queshi Private Equity Fund Management Co., Ltd.-Que Shi Quan Li 1st Private Equity Securities Investment Fund Plan will reduce its shareholding in the company by no more than 4.28 million shares, or 2.0831% of the total share capital of the company, through centralized bidding or block trading within 3 months after 15 trading days from the disclosure of the announcement. Among them, the total number of shares reduced through centralized bidding within any consecutive 90 calendar days shall not exceed 1% of the total shares of the company; and the total number of shares reduced through block trading within any consecutive 90 calendar days shall not exceed 2% of the total shares of the company. The price of the reduction will be determined based on the market price at the time of reduction and the trading method, and the reason for the reduction is the company's own capital needs.