Xiaoming Corporation: Xiamen Chentu and its concerted parties propose to reduce their shareholding of the company by no more than 2.97%.

Xiaoming Co., Ltd. announcement, shareholders Xiamen Chentu and its concerted action persons Chentu First Industry Fund, Xie Investment Plan, within 3 months after 15 trading days from the date of disclosure of the announcement, will collectively reduce their holdings of the company's shares by no more than 5.57 million shares, accounting for 2.97% of the company's total share capital, and 3.00% of the total share capital excluding shares held in the repurchase special account. The reason for the reduction is their own capital needs, and the reduction price will be determined based on market prices and not less than the company's initial public offering price.