According to Dongfang Wealth, Mr. Cheng Lei, the company's deputy general manager, holds 200764.06 million shares of the company, accounting for 0.13% of the total share capital. It plans to reduce his holdings by no more than 1.2 million shares through centralized bidding transactions within three months after 15 trading days from the date of disclosure of the announcement, accounting for 0.0077% of the total share capital. The reason for the reduction in holdings was due to personal capital requirements. The source of shares was shares obtained from the exercise of shares and stock options before the initial public offering. The holdings reduction price will be determined based on the market price. There is uncertainty about the implementation of the holdings reduction plan, and the company will promptly disclose the progress. The current holdings reduction plan will not adversely affect the corporate governance structure and sustainable operation.