Quan Yangquan announced that shareholders and directors holding 5% or more of the shares, Chen Aili and Zhao Yongchun, plan to reduce their total holdings of the company's shares by no more than 7,151,978 shares through centralized bidding through the Shanghai Stock Exchange trading system from June 14 to September 11, 2024, that is, no more than 1% of the company's total shares due to personal financial needs. During the holdings reduction period, shareholders will choose whether to implement and how to implement the holdings reduction plan based on factors such as market conditions and the company's stock price. There is uncertainty about the timing of the reduction of holdings, the number of shares to be reduced, and the price. The current holdings reduction plan complies with relevant laws and regulations, is an act of individual shareholders, and will not affect the company's production and operation.