Xiuhong Shares: Shareholders plan to reduce their holdings of the company's shares by no more than 1.06%.

Xiucheng announced that the company's shareholder Hong Kong Hengtai Technology Co., Ltd., its concerted action person Xuzhou Xinxing Investment Co., Ltd., and Lu Xiuqiang, who holds more than 5% of the shares, plan to reduce their holdings of the company's shares by a total of 8,175,140 shares, accounting for 1.06% of the total share capital of the company, within 3 months after the disclosure of the announcement, and 15 trading days later, by centralized bidding or block trading. The reason for the reduction is the need for self-funding, and the reduction methods include centralized bidding and block trading. The reduction price will be determined based on market prices.