Shanghai Titan Scientific Co.,Ltd. announced that, due to its own business development needs, shareholders Tianjin Chuangfeng and its concerted action persons Ningbo Dongkai, Shanghai Chuangfeng, Ningbo Chuangfeng, Gujiao Jinniu, Guotong Chuangfeng, and Peng Zhen, who hold more than 5% of the shares, plan to reduce their holdings by no more than 3.2887 million shares through block trades, which is no more than 2% of the company's current total share capital.