China Electric Motor: The shareholder holding 16.13% of the shares plans to reduce their stake by no more than 3%.

China Electric Motor announced that, as of the date of the announcement, shareholder Wang Jianyu held 37,928,294 unrestricted tradable shares of the company, accounting for 16.13% of the total share capital. Due to personal financial needs, he plans to reduce his holdings by no more than 7,056,000 shares within 3 months after 15 trading days from the disclosure date through centralized bidding and/or block trading, which is less than 3% of the total number of company shares. Among them, centralized bidding will not exceed 2,352,000 shares, and block trading will not exceed 4,704,000 shares. The selling price will be determined by the market price, and if there are any changes in the company's shareholding during the selling period, the planned selling quantity and price will be adjusted accordingly.