Kairuide: A shareholder holding 9.49% of the shares plans to reduce their stake by no more than 3%.

Kailide announced that the controlling shareholder Hubei Nonggu Industrial Group Co., Ltd., holding approximately 9.49% of the shares, plans to reduce its holdings by no more than 11.03 million shares within 3 months after the disclosure of the announcement, representing 3% of the company's total share capital. Among them, the reduction through centralized bidding will not exceed 3.68 million shares, and the reduction through block trading will not exceed 7.35 million shares. The reason for the reduction is its own fund needs, and the shares are from the 2021 bankruptcy reorganization process. This reduction will not lead to a change in the company's controlling rights.