East Heavy Machinery: Two shareholders holding more than 5% of shares each plan to reduce their holdings by no more than 1.5% of shares.

Recently, Wuxi Huadong Heavy Machinery Co., Ltd. announced a pre-disclosure notice of reduction of shareholding by some shareholders holding more than 5% of the shares. Hao Qingming Yu 6, who holds 5.01% of the company's shares, plans to reduce no more than 5,038,500 shares through centralized bidding or block trading within three months after the fifteen trading days following the disclosure date. Tian Chen Jinting 1, who holds 5.00% of the shares, plans to reduce no more than 10,076,000 shares in the same manner during the same period. The reasons for the reduction are the shareholders' own capital needs, and the shares are acquired through agreement transfer. Both shareholders' previous lock-up commitments have expired, and this reduction does not violate the relevant commitments, nor will it result in a change of control of the company, with no significant impact on the company's operations. There is uncertainty in the reduction plan.