Zhitong Financial APP News, Tianli Technology (300399.SZ) issued an announcement that the company received a notification letter issued by Mr. Qian Yongyao, a shareholder with more than 5% shareholding, and his concerted actor Jiangyin Xinyuan Investment Co., Ltd. ("Xinyuan Investment") and Tianjin Zhihui Investment Partnership (Limited Partnership) ("Tianjin Zhihui"). Notice that the proportion of shares has reached 1% and the implementation of the reduction plan has been completed.

During the period from September 9, 2022 to November 11, 2022, Mr. Qian Yongyao reduced his holdings of unlimited conditional tradable shares of the company by means of block transactions, accounting for 0.37% of the company's total share capital; Tianjin Zhihui reduced its holdings of unlimited conditional tradable shares of the company by centralized bidding, accounting for 0.97% of the company's total share capital; Xinyuan Investment did not reduce its holdings.