Feilong Group: Controlling shareholders and their concerted action parties plan to reduce their shareholding by no more than 1.81%.

Feilong Co., Ltd. announced that the controlling shareholder Wanxi Holdings and the concerted action person Sun Yaozhong plan to reduce their holdings within three months after fifteen trading days from the date of the announcement due to their own financial needs. Wanxi Holdings plans to reduce holdings by no more than 3.4487 million shares through centralized bidding and no more than 2.7858 million shares through block trading, totaling not more than 6.2345 million shares, accounting for 1.0847% of the total share capital; Sun Yaozhong plans to reduce holdings by no more than 2.2991 million shares through centralized bidding and no more than 1.857 million shares through block trading, totaling not more than 4.1561 million shares, accounting for 0.7231% of the total share capital. The two parties plan to reduce their holdings by no more than 10.3906 million shares in total, accounting for 1.8078% of the total share capital. This reduction plan is subject to uncertainty and will not result in a change in the company's controlling ownership.