Meguiar Innovation: Some directors and senior executives plan to reduce their holdings by a total of 249,000 shares.

Megachips Innovation announced that due to personal funding needs, Mr. He Wei, Vice Chairman and General Manager of the company, intends to reduce his holdings by no more than 63,800 shares, accounting for 0.0096% of the total number of shares currently held by the company; Mr. Hu Hong, Director and Vice General Manager of the company, intends to reduce his holdings by no more than 106,400 shares, accounting for 0.0159% of the total number of shares currently held by the company; Ms. Sun Guijing, Vice General Manager and CFO of the company, intends to reduce her holdings by no more than 48,200 shares, accounting for 0.0072% of the total number of shares currently held by the company; Mr. Li Baokui, Vice General Manager of the company, intends to reduce his holdings by no more than 30,600 shares, accounting for 0.0046% of the total number of shares currently held by the company.