Shuangjie Electric: Junhong Assets plans to reduce its shareholding of the company by no more than 1%.

Jie Electric Announcement: Shareholder Zhejiang Junhong Asset Management Co., Ltd. - Junhong Qianjiang Seventy-Seven Period Private Equity Securities Investment Fund plans to reduce its holdings by no more than 7.9862 million shares within 3 months after 15 trading days from the date of the announcement, through methods such as centralized bidding or block trading, which is not more than 1% of the total number of company shares. As of the announcement date, the shareholder holds 40 million shares of the company, accounting for 5.01% of the total share capital of the company.