Gelonghui, April 19丨Yubang Electric Power (688597.SH) announced that according to the “Special Provisions for Shareholders of Venture Capital Funds of Listed Companies” and the “Implementation Rules for Shareholders of Venture Capital Funds Listed on the Shanghai Stock Exchange”, Qingdao Jingyuan, Beijing Jianhua, China Investment Jianhua, Liaoning Union, and Yangzhou Jiahua have all completed the filing with the China Securities Investment Fund Industry Association. The investment period for Yubang Electric Power is over 60 months, in line with the requirements of the above regulations. Shareholder Qian Huigao held 1.372,600 shares of Yubang Electric Power Co., Ltd., with a shareholding ratio of less than 1% of the company's total share capital. It did not meet the “Certain Provisions for Shareholders, Directors and Supervisors of Listed Companies to Reduce Their Shareholdings” and the “Implementation Rules for Shareholders, Directors, Supervisors, and Senior Managers of Companies Listed on the Shanghai Stock Exchange” to reduce shareholders' shares.

The shareholders mentioned above plan to reduce their total holdings of the company's shares by no more than 5.928 million shares, accounting for no more than 2.40% of the company's total share capital. Methods for reducing holdings include, but are not limited to, centralized bidding, bulk transactions, agreement transfers, etc. Among them, the period for reducing share holdings through collective bidding and bulk transactions is within 3 months after 15 trading days from the date of disclosure of this holdings reduction plan announcement.