ANKAI coach: Shareholders holding more than 5% of the shares plan to reduce their holdings by up to 1%.

Ankai Bus announced that it has recently received a notice from its shareholder, the Provincial Investment Group, which holds more than 5% of the shares, regarding the implementation of Ankai Bus's share reduction plan. As of the announcement date, the Provincial Investment Group holds 59.85 million shares of the company, accounting for 6.37% of the total share capital. The Provincial Investment Group plans to reduce its holdings by no more than 9.3951 million shares, or 1% of the total share capital, through centralized bidding within 90 natural days after 15 trading days from the disclosure of the share reduction plan, for operational needs. The source of the shares is through agreement transfer, and this share reduction will not result in a change of control of the company.