"Shine Bright: Controlling shareholder plans to reduce shareholding by no more than 3%"

Announcement from HuanShangHuan: The controlling shareholder and concerted action person, Xinyu HuanShangHuan Investment Management Center, holds 1.11 billion shares of the company, accounting for 19.84%. Due to capital needs, it is planned to reduce its holdings by a total of no more than 16.786 million shares within 3 months after the date of this announcement, through centralized bidding and block trading, accounting for no more than 3% of the total share capital of the company, with no more than 11.191 million shares for block trading and no more than 5.595 million shares for centralized bidding.