On December 6, Glorious Investment announced that on December 6, 2024, the company received a written notice from the shareholder Xinwei Capital and its acting in concert, Ma'anshan Capital, stating that during this shareholding reduction plan, Xinwei Capital has cumulatively reduced its shareholding in the company by 8,035,600 shares through block trades and centralized bidding, accounting for 1.5400% of the company's total share capital. Its acting in concert, Ma'anshan Capital, has cumulatively reduced its shareholding in the company by 2,400,000 shares through centralized bidding, accounting for 0.4600% of the company's total share capital. Xinwei Capital and its acting in concert, Ma'anshan Capital, have cumulatively reduced their shareholding in the company by 10,435,600 shares through block trades and centralized bidding, accounting for 2% of the company's total share capital. Thus, this shareholding reduction plan has been completed.