Bi Yinlefeng: Director Shen Jindong plans to reduce his shareholding by 0.8609%.

According to the announcement of Bilifeng, the director of the company, Shen Jindong, owns 19.652 million shares of the company, accounting for 3.4434% of the total share capital. Shen Jindong plans to reduce his holdings by no more than 4.913 million shares, accounting for 0.8609% of the total share capital, through centralized bidding or block trading within 3 months after the announcement is disclosed, starting from the 15th trading day. The reason for the reduction is personal fund needs, and the source of the reduction shares is the shares held before the initial public offering and the shares obtained by capital reserve conversion. The reduction price will be determined based on market prices. Mr. Shen Jindong is not a controlling shareholder, actual controller, or concerted action person of the company, and the implementation of the reduction plan will not lead to a change in the control of the listed company.