Zhanpeng Technology: Shareholders plan to reduce their holdings by 6%

Zhanpeng Technology Announcement: Shareholders Xi Fang and Ding Yu plan to reduce their holdings of the company's shares through block trading and centralized bidding transactions within 3 months after 3 trading days from the announcement disclosure date. Xi Fang holds 14.5994 million shares of the company, accounting for 5% of the total number of shares of the company; the planned reduction does not exceed 8.7597 million shares, with a reduction ratio not exceeding 3% of the total number of company shares. Ding Yu holds 9.0306 million shares of the company, accounting for 3.09% of the total number of shares of the company; the planned reduction does not exceed 8.7597 million shares, with a reduction ratio not exceeding 3% of the total number of company shares. The reasons for the reduction are for their own capital needs. The reduction plan complies with relevant laws and regulations and will not have any impact on the company's governance structure or ongoing operations.