Xinlian Integrated announced that due to its own funding needs, shareholders Qingcheng Orange Sea, Qingcheng Qiu Shi, and Qingcheng Orange Core, who hold more than 5% of the shares, plan to collectively reduce their holdings by no more than 80.33 million shares, accounting for 1.14% of the total share capital of the company. The reduction method is through block trading, and the reduction period is from July 22, 2024 to October 18, 2024. The aforementioned shareholders are acting in concert and collectively hold 6.13% of the company's shares. This reduction will not have a significant impact on the company's governance structure and continued operations.