Three Squirrels announced that the holdings reduction plan for NICE GROWTH LIMITED, a shareholder holding 5% or more of the original shares, has been implemented. From September 30 to December 26, 2024, NICE GROWTH LIMITED reduced its holdings of the company's shares by 3.2 million through centralized bidding transactions, accounting for 0.7985% of the company's total share capital. After the holdings were reduced, the number of shares held by NICE GROWTH LIMITED was reduced to 16.8388 million shares, and the shareholding ratio dropped to 4.2020%, and they are no longer shareholders holding 5% or more of the company's shares. The implementation of this holdings reduction plan will not lead to a change in the company's control, nor will it have a significant impact on the company's governance structure and continuous operation.