Norsat: Controlling shareholder and specific shareholders plan to reduce their shareholdings by not more than 2.9959%.

Notice: Norske Announcement states that its controlling shareholder ASI Holdings plans to reduce its holdings by up to 956,000 shares, accounting for 0.9959% of the total shares through centralized bidding within 3 months after 15 trading days; and specific shareholder Harmony Growth Phase II plans to reduce its holdings by up to 1,919,825 shares, accounting for 2.0000% of the total shares through centralized bidding, block trading, etc. within 3 months after 3 trading days. The reasons for the reduction are personal financial needs, and there is uncertainty in the implementation of this reduction plan, which will not lead to a change in the company's control.