Shuangfei Group: One of the actual controllers, Gu Meijuan, plans to reduce her shareholding in the company by 0.3665%.

Announcement by Shuangfei Group: Ms. Gu Meijuan, one of the actual controllers of the company, plans to reduce her holdings by 800,000 shares within 3 months after the disclosure date of the announcement through centralized competitive bidding, accounting for 0.3665% of the total share capital of the company. Currently, Ms. Gu Meijuan holds 7.3872 million shares of the company, accounting for 3.3840% of the total share capital. This reduction plan complies with relevant laws, regulations and normative documents, and will not have a significant impact on the company's governance structure, equity structure and future operations, nor will it result in a change in control of the company.