Jiangsu Boyun: Shareholder Gong Wei plans to reduce his stake in the company by no more than 3%.

Jiangsu Boyun announced that shareholder Gong Wei plans to reduce his holdings of the company by no more than 2,913,999 shares, or 3.00% of the total share capital, through centralized bidding and block trades within three months after the disclosure date of this announcement. The reason for the reduction is personal fund needs, and the shares come from the shares held before the company's initial public offering.