Xinsai Group: Shareholders holding more than 5% of the shares reduce their holdings to 5% or less.

Xinsai Corporation announced that on February 27th, Jingshi Futures on behalf of Bingtou 1 reduced its holdings of the company's freely tradable shares by 10.3788 million shares through block trading, accounting for 1.79% of the company's total share capital. Its holdings of the company's shares decreased from 39.447731 million shares to 29.068931 million shares, with its proportion dropping from 6.79% to 5%. This reduction does not involve a tender offer, will not lead to changes in the controlling shareholders or the actual controllers, does not harm the interests of the company and shareholders, and does not violate relevant regulations.