Bouyan Corporation: Major shareholders holding more than 5% of shares and some directors and executives plan to reduce their shareholdings.

Bo Yuan Corporation announced that the company recently received a notification letter from shareholders Weifang Jintou, who holds more than 5% of the shares, employee representative director Yu Fuqiang, and deputy general manager Zhang Jie regarding their plans to reduce their holdings. Weifang Jintou owns 9.12% of the company's shares and plans to reduce their holdings by no more than 4.19% through centralized bidding or block trading within 3 months after 15 trading days; Yu Fuqiang indirectly holds 0.48% of the shares and plans to reduce their holdings by no more than 0.12% through centralized bidding during the same period; Zhang Jie indirectly holds 0.05% of the shares and plans to reduce their holdings by no more than 0.01% through centralized bidding during the same period. This reduction in holdings is due to their own capital needs, and there is uncertainty, but it will not result in a change in control of the company.