Mouth Cellar: Shareholder Liu Ansheng plans to reduce holdings by no more than 10 million shares.

Kouzi Cellar announced that shareholder Liu Ansheng plans to reduce his holdings through block trades within 3 months after the date of the announcement, not exceeding 10 million shares, accounting for 1.67% of the total share capital of the company. The reduction price will be determined by the market price. Liu Ansheng and concerted parties currently hold a total of 42.01% of the company's shares. The reduction plan complies with relevant laws and regulations and will not result in a change of control of the company.