Nanxing Machinery announced that the controlling shareholder Nanxing Investment plans to reduce its holdings through block trading by no more than 5.9091 million shares, accounting for 2% of the company's total share capital, and through centralized bidding by no more than 0.1432 million shares, accounting for 0.048% of the company's total share capital, for a total reduction of no more than 6.0523 million shares, accounting for 2.048% of the company's total share capital. One of the company's actual controllers, action-in-concert party, director, and general manager Mr. Zhan Rening plans to reduce his holdings through centralized bidding by no more than 2.8114 million shares, accounting for 0.95% of the company's total share capital. The purpose of the reduction is for personal funding needs, and the reduction period is from December 12, 2024, to March 11, 2025.