Wanfu Co., Ltd. announced that its specific shareholder Ningbo Yixian, due to its own funding needs, plans to reduce its shareholding through block trading by no more than 2.6676 million shares, which is no more than 2% of the company's current total shares; it plans to further reduce its shareholding through centralized competitive bidding by no more than 1.3338 million shares, which is no more than 1% of the company's current total shares. The reduction plan will be conducted within 90 days from the fifteenth trading day after the announcement of this reduction plan (from December 9, 2024, to March 8, 2025). Ningbo Yixian currently holds 5 million unrestricted circulating shares of the company, accounting for 3.75% of the company's total share capital.