Wingtech Technology announced that shareholder Zhuhai Ronglin disclosed a shareholding reduction plan for shareholders holding more than 5%, with the newly added entity for shareholding reduction being gree electric appliances,inc.of zhuhai. Gree Electric Appliances, Inc. of Zhuhai plans to reduce no more than 12.4281 million shares through centralized competitive trading, accounting for 1% of the total number of company shares. The reduction will take place within 3 months after the announcement date and 15 trading days, with the reduction price determined based on market conditions. Gree Electric Appliances, Inc. of Zhuhai and its concerted action Zhuhai Ronglin will jointly comply with relevant laws and regulations, with the total number of shares reduced within any consecutive 90 days not exceeding 1% of the total number of company shares.