Galaxy Electronics: Controlling shareholder Galaxy Electronics Group plans to reduce its holdings by no more than 0.81%.

Galaxy Electronics Announcement: The controlling shareholder, Galaxy Electronics Group Investment Co., Ltd., holds 239 million shares, accounting for 21.25% of the total shares. They plan to reduce their holdings through centralized bidding within 3 months after the expiration of 15 trading days from the announcement, by no more than 9.0996 million shares, accounting for 0.81%. The reasons for the reduction are to repay bank loans, reduce the ratio of stock pledge, and meet capital needs.