Nanjing Chixia Development announced that shareholders with more than 5% shareholding, nanjing gaoke, plan to reduce their shares acquired before the initial public offering, shares acquired through non-public offering after the listing, and shares acquired through profit distribution within 3 months after the disclosure date of the announcement, with a total not exceeding 31.5 million shares (not exceeding 3% of the total share capital of the company). Among them, the reduction through open market trading method will not exceed 10.5 million shares (not exceeding 1% of the total share capital of the company), and the planned reduction through block trading method will not exceed 21 million shares (not exceeding 2% of the total share capital of the company). The reason for the shareholding reduction is for operational development.