Yan'ao Group: Controlling shareholder and concerted action person intend to reduce their holdings by no more than 0.5356%.

Announcement from Yanao Group: The controlling shareholder consistent actor Changchun Yanao Tongren Investment Partnership Enterprise holds 790,000 shares, accounting for 1.0051% of the total share capital and 1.0115% after excluding shares held in the repurchase special account; They plan to reduce their holdings by no more than 418,300 shares, accounting for 0.5322% of the total share capital and 0.5356% after excluding shares held in the repurchase special account, within 3 months after the date of the announcement, through centralized bidding or block trading. Furthermore, they shall not reduce their holdings by more than 1% through centralized bidding or 2% through block trading within any 90 consecutive calendar days.