ST Zhongzhu: Shareholder Shengyuan intends to reduce its stake by no more than 3%

Announcement of ST Zhongzhu: Zhongshengyuan holds 120 million shares, accounting for 6.01% of the total shares. It is planned to reduce its holdings through centralized bidding and block trading within three months after the announcement date, starting from 15 trading days later, in order to meet its own capital needs. The total reduction will not exceed 59.7861 million shares, or 3% of the total shares. Among these, the reduction through centralized bidding will not exceed 19.9287 million shares, and the total reduction within ninety consecutive days will not exceed 1% of the total shares. The reduction through block trading will not exceed 39.8574 million shares, and the total reduction within ninety consecutive days will not exceed 2% of the total shares. The reduction price shall not be lower than the regulatory requirements.