Jiangsu Lihua Animal Husbandry announced that the concerted action parties of Mr. Cheng Lili, the actual controller of the company, Tianming Agriculture and Cangshi Investment collectively hold 79.467 million shares of the company, accounting for 9.60% of the total share capital of the company. Tianming Agriculture and Cangshi Investment plan to reduce their holdings of the company's shares by a total of no more than 24.829 million shares, accounting for 3.00% of the total share capital of the company within 3 months after 15 trading days from the date of the announcement through centralized bidding or block trading. The reasons for the reduction include repaying stock pledge loan interest, implementing incentive measures for management personnel and technical backbone, and repaying debts. The reduction price will be determined based on the secondary market price and trading method at the time of reduction.