On March 3, Gelonghui Co., Ltd. (002638.SZ) issued an announcement. The company recently received a “Notice Letter on the Stock Reduction Plan” issued by Huaxia Life Insurance Co., Ltd. (hereinafter referred to as “Huaxia Life”), the shareholder holding 5% or more of the company's shares. Huaxia Life holds 109,650,792 shares of the company through the “Huaxia Life Insurance Co., Ltd. - Universal Products” account, accounting for 7.58% of the company's total share capital.

Huaxia Life plans to reduce its total holdings of listed companies by no more than 144.605 million shares, that is, no more than 1% of the total share capital of listed companies. (If the listed company implements share changes such as equity distribution, repurchase and cancellation during the holdings reduction period, the number of shares to be reduced as described above will be adjusted accordingly, but the ratio of the reduced holdings to the total share capital of the listed company remains unchanged).