Zhejiang Entive Smart Kitchen Appliance announced that the company's actual controller's concerted action parties Yi Shun Investment and Yi Wang Investment plan to reduce their shareholding in the company through centralized bidding and block trade methods within 3 months after 15 trading days from the disclosure date of this announcement. Yi Shun Investment plans to reduce its shareholding by no more than 2.1384 million shares, accounting for 1.56% of the total share capital; Yi Wang Investment plans to reduce its shareholding by no more than 1.9629 million shares, accounting for 1.44% of the total share capital. The total reduction of both parties shall not exceed 4.1013 million shares, accounting for 3% of the total share capital. The reason for the shareholding reduction is their own capital needs.