Cathay Pacific Group announced that Jiang Tungsten Group, which is not the largest shareholder of the company by 5% or more, plans to reduce its holdings by no more than 18,637,250 shares through centralized bidding and bulk transactions, that is, no more than 3% of the company's total share capital due to its own development needs. The holdings reduction period is from June 25 to September 24, 2024. The holdings reduction price will be determined based on the market price. Jiang Tungsten Group currently holds 5.77% of the company's shares, which were obtained before the IPO. The current holdings reduction plan will not have a significant impact on the corporate governance structure and continued operation, but there is uncertainty about the timing, price, and quantity of holdings reduction.