Huang Shanghuang: Controlling shareholders' concerted actors plan to reduce holdings by no more than 3%

Huang Shanghuang Announcement: The controlling shareholder’s acting-in-concert party, Xinyu Huang Shanghuang Investment Management Center (Limited Partnership), holds 111 million shares of the company, accounting for 19.84%. Due to capital needs, it plans to reduce its holdings by a total of no more than 16.786 million shares, representing no more than 3% of the company’s total share capital, within 3 months after 15 trading days from the date of disclosure of this announcement, by using centralized bidding and block trades. Of this, no more than 11.191 million shares (2%) will be reduced via block trades, and no more than 5.595 million shares (1%) will be reduced via centralized bidding.