Palm Technology: Liu Huicheng intends to reduce his shareholding by no more than 1% of the company's shares.

Palmpass Technology Announcement: The company's largest shareholder, Mr. Liu Huicheng, who holds 6.23% of the company's shares, plans to reduce his holdings by no more than 27.2017 million shares within three months after fifteen trading days from the date of this announcement, through centralized bidding or block trading, which is not more than 1% of the total share capital of the company. This reduction is mainly due to personal financial needs, and the selling price will be determined based on market prices. Mr. Liu Huicheng has previously strictly fulfilled relevant commitments, and this reduction plan complies with relevant laws and regulations, and will not lead to a change in the company's controlling rights, nor will it have a significant impact on the company's governance structure and continuous operation.