Vanfund Urban Investment & Development announced that shareholder jilin Shuangyang Rural Commercial Bank Co., Ltd. plans to reduce its shareholdings by no more than 9.3416 million shares of the company's unrestricted circulating shares (not exceeding 3% of the total share capital) through centralized bidding or block trades within three months after the fifteenth trading day following the announcement of the reduction plan. The implementation of this reduction plan is uncertain, and Shuangyang Rural Commercial Bank will decide whether to implement the shareholding reduction plan based on market conditions and funding needs.