Gravity Media: Executives plan to reduce shareholding

Guangli Media announced that Ms. Pan Xinxin, the company's director and president, plans to reduce her shareholding by no more than 104,200 shares, accounting for 0.0386% of the total shares of the company, within the next three months; Ms. Wang Xiaoying, the company's chief financial officer, plans to reduce her shareholding by no more than 73,100 shares, accounting for 0.0271% of the total shares of the company. The reduction by the two executives will be carried out through centralized bidding or block trading, and the specific timing and quantity will be adjusted according to market conditions. This reduction plan is due to personal financial needs, and strictly complies with the commitments made regarding shareholding ratios and numbers in the past.