According to the two-sided announcement, the shareholder Liuzhou Jingfa Investment Co., Ltd. plans to reduce its holdings by no more than 5.5 million shares through centralized bidding transactions and no more than 11 million shares through bulk transactions within 3 months after 15 trading days from the announcement date. The total reduction ratio of no more than 16.5 million shares will not exceed 16.5 million shares, with a total reduction ratio of no more than 3.00%. The holdings reduction price will be determined according to the market price. As of the disclosure date of the announcement, Liuzhou Jingfa Investment Co., Ltd. held 32.9592 million shares of the company, accounting for 5.99% of the company's total share capital. The shares are derived from shares acquired before the company's initial public offering, and sales restrictions have been lifted.