LianDe Corporation: The concerted action parties plan to reduce their shares by no more than 2.37%

Announcement of the reduction of holdings by a concerted action group of Huzhou Xuteng, Hangzhou Jiayang, Huzhou Suoyi, and Huzhou Xunjia, who are all controlling shareholders of Lian De Co., Ltd. In the next three months, they plan to reduce their holdings of the company's shares by a total of not more than 5.688 million shares, which represents 2.37% of the total shares of the company. The reduction will be conducted through both centralized bidding and bulk trading, with the centralized bidding not exceeding 2.4058 million shares, accounting for 1% of the company's total share capital, and the bulk trading not exceeding 3.2822 million shares, accounting for 1.37% of the company's total share capital. The selling price will be determined based on market prices. This reduction plan is due to the financial needs of employees, and the selling entities are all employees' shareholding platforms of the company.