Zhongyan: Executives and some shareholders have not reduced their holdings and have terminated their reduction plan in advance.

On the morning of August 7, Zhongyan Co., Ltd. announced that the company's acting financial director Yang Liping, shareholder Wang Xiuyun, and their concerted action person Liu Guoliang had originally planned to collectively reduce their holdings by no more than 1.12% of the company's shares. As of now, the aforementioned individuals have not implemented the reduction. Based on their full recognition of the company's long-term development prospects and intrinsic value, along with their own funding needs, they have decided to terminate this share reduction plan early.