Lanzhou Lishang Guochao Industrial Group announced that Red Mansion Group plans to reduce its shares no more than 21.1624 million shares within three months starting from 15 trading days after the announcement disclosure date, i.e., from December 27, 2024, reducing the Company's shares by no more than 2.78% of the total share capital. Among them, the total number of company shares to be reduced through centralized bidding does not exceed 7.6134 million shares, i.e., no more than 1% of the Company's total share capital. The total number of company shares to be reduced through block trades does not exceed 13.549 million shares, i.e., no more than 1.78% of the Company's total share capital. The reduction price will be determined based on the market price.