Lishang Guochao: Shareholders holding more than 5% of the shares plan to reduce their holdings in block trades by no more than 1.97%.

The announcement of Lishangguochao stated that as of the date of the announcement, Hangzhou Ji Yu, a shareholder holding more than 5% of the shares, held 59,020,700 unrestricted shares of the company, accounting for 7.75% of the total share capital. For the purpose of its own capital planning, Hangzhou Ji Yu plans to reduce its holdings by no more than 15,020,700 shares through block trades within 3 months after 15 trading days from the date of the announcement, accounting for no more than 1.97% of the total share capital. The reduction plan is subject to uncertainty and will not have a significant impact on the company's governance and operation.