Willfar Information Technology announced that shareholder Zou Qiming plans to reduce the number of shares held by no more than 10 million shares through centralized competitive bidding and block trading, accounting for no more than 2.0338% of the company's total share capital; shareholder Chen Jun plans to reduce the number of shares held by no more than 4 million shares through centralized competitive bidding and block trading, accounting for no more than 0.8135% of the company's total share capital. This reduction plan arises from the shareholders' own funding needs and during the reduction period, the shareholders will decide whether and how to implement this share reduction plan based on market conditions and the company's stock price, with uncertainty regarding the quantity and price of the reduction. This share reduction plan will not have a significant impact on the company's governance structure and ongoing operations.