Guangxi Xinxunda Technology Group announced that shareholder Chen Yongrui, who holds more than 5% of the shares, plans to passively reduce his shareholding within three months after the disclosure of the passive reduction plan, starting from the date of the announcement, using the method of centralized competitive bidding to reduce the company's shares by no more than 1.9941 million shares (inclusive), accounting for 1.00% of the total share capital of the company; if the bulk trading method is adopted, the passive reduction will not exceed 3.9882 million shares (inclusive), accounting for 2.00% of the total share capital of the company. The reason for the reduction is that Sealand Securities Co., Ltd. forcibly liquidated the shares held by Chen Yongrui.