Wuxi Autowell Technology Co., Ltd. (688516.SH) announced that, based on confidence in the company's future development prospects and recognition of its long-term value, and in order to enhance the confidence of investors, effectively safeguard the rights and interests of investors and the stability of the capital markets, Mr. Ge Zhiyong and Mr. Li Wen, the actual controllers of the company, voluntarily pledged not to reduce their holdings of the company's shares directly held by them in any way from June 21, 2024 to December 31, 2024. During the above-mentioned commitment period, if there is a situation of increased shares due to capital reserve conversion, dividend distribution or rights offering, the non-reduction commitment will also be complied with. If the above-mentioned entities violate the commitment, the income from the sale of the shares will be owned entirely by the company.