Ningbo Fangzheng: Some controlling shareholders, actual controllers, and their concerted actors plan to reduce their shareholdings in the company by no more than 3%.

Ningbo Fangzheng announced that the company's partial controlling shareholder, actual controller, Chairman and Manager Mr. Fang Yongjie and his concerted action person Xingong Holdings plan to reduce their shareholdings of 45,955,700 shares within 3 months after the disclosure of this announcement, starting from 15 trading days later, through centralized competitive trading or block trading, the quantity of shares to be reduced shall not exceed 4,075,000 shares. Among them, the total number of shares to be reduced through centralized competitive trading shall not exceed 1.00% of the total share capital of the company, and the total number of shares to be reduced through block trading shall not exceed 2.00% of the total share capital of the company.