Xueqi Electric: Shareholders holding more than 5% reduce their holdings by 1,165,400 shares, and the change in equity reaches a multiple of the integer.

Xueqi Electric announced that Anhui Zhidao Investment Co., Ltd., a shareholder holding more than 5% of the company's shares, reduced its holdings of 1,165,400 shares through centralized bidding from March 3 to March 6, accounting for 0.63672% of the total share capital. After this equity change, Zhidao Investment's shareholding decreased to 27,454,550 shares, and the proportion decreased to 14.99999%, with the equity change touching integer multiples of 1% and 5%. This reduction is part of a previous reduction plan and will not result in changes to the company's controlling shareholder or actual controller, and will not affect the company's governance structure and continued operation.