According to the Golden Ham announcement, Shi Yanjun, the shareholder of the company, plans to reduce his holdings of the Company's shares by no more than 15,751,800 shares (that is, no more than 1.30% of the company's total share capital) through centralized bidding or bulk transactions within 3 months after the publication of the pre-disclosure announcement of the reduction in shares. Shi Yanjun is not the actual controller of the company. The implementation of this holdings reduction plan will not cause changes in the company's control, nor will it affect the company's governance structure and continuous operation. This holdings reduction plan did not violate relevant commitments.