Shenli Co., Ltd.: Shareholder Lue Wanxin 21 plans to reduce holdings of no more than 6,531,900 shares, accounting for 3% of the company's total share capital.

Shenli Corporation announced that shareholder Lue Wanxin 21 plans to reduce its holdings by a total of no more than 6,531,900 shares, or 3.00% of the total share capital of the company, within 3 months after 15 trading days from the date of this announcement, due to its own funding needs. Among them, it is planned to reduce holdings by no more than 2,177,300 shares, or 1.00% of the total share capital of the company, through centralized bidding; and it is planned to reduce holdings by no more than 4,354,600 shares, or 2.00% of the total share capital of the company, through block trading. The reduction price will be determined by the market price.