Phoenix Shipping: Huayuan Land Port's shareholding ratio has decreased to below 5%.

Phoenix Shipping Announcement: The obligor of information disclosure, Huayuan International Land and Port Group Co., Ltd., reduced its shareholding from 5.916429% to 4.999993% due to its own capital needs to fulfill the stock reduction plan, with a total reduction of 9.2751 million shares, accounting for 0.916436% of the total share capital.