Richi announcement, the company's shareholder Suzhou Empty plans to reduce the company's shares by no more than 2.28 million shares, i.e., no more than 3% of the total share capital. This reduction will be carried out through bidding and block trading, expected to be implemented from November 26, 2024, to February 25, 2025. Suzhou Empty currently holds 3.4956 million shares of the company, accounting for 4.6% of the total share capital. Its concerted parties Suzhou Zhaorong and Shanghai Zhaoren hold 1.4635 million shares and 289,200 shares of the company, respectively. This shareholding plan is based on Suzhou Empty's own capital needs and will not have a significant impact on the company's governance structure and continuous operation. There is uncertainty regarding the timing, quantity, and price of the share reduction.