MeiLi Technology: Yangtze Capital plans to reduce its shareholding by 1%

Meili Technology Announcement: Shareholder Yangtze Capital plans to reduce its stake in the company by no more than 2.11 million shares through centralized bidding transactions within 3 months of the announcement, accounting for 1% of the company's total share capital. Yangtze Capital currently holds 3.5821 million shares of the company, representing 1.7% of the total share capital. The reason for the reduction is its own capital needs, and the reduction price will be determined based on market prices. Yangtze Capital promises to strictly abide by the relevant reduction regulations, and the reduction plan will not violate previous commitments. This reduction will not affect the company's corporate governance structure and ongoing operations. The company will fulfill its information disclosure obligations in a timely manner in accordance with relevant laws and regulations, reminding investors to be aware of investment risks.