Taiji Industrial: Controlling shareholder's concerted action resulted in a reduction in holding that triggered a change in equity reaching the 1% threshold.

Taiji Industrial announced that on July 9th, the controlling shareholder's concerted action person, Xigao Investment, reduced its holdings by 10.66 million shares through centralized bidding and 37.34 million shares through block trading. The combined shareholding proportion of the company's controlling shareholder and its concerted action person decreased from 33.52% to 31.22%, triggering a 1% scale equity change. The shares being reduced this time were originally obtained from a private placement in 2016, which was unlocked in 2020. This change does not involve the disclosure of an equity change report, nor will it result in a change of controlling shareholder or controller, and will not affect the company's governance and operation.