Kuaili: One of the controlling shareholders and actual controllers Nie Pengju plans to reduce his holding of company shares by no more than 2%.

Koehler announced that the company's controlling shareholder, one of the actual controllers, and chairman Nie Pengju plans to reduce his company's holdings through block trading within 3 months after 15 trading days from the date of this announcement, not exceeding 14.875 million shares, accounting for 2% of the company's total share capital. The reason for the reduction is the need for funds, and the selling price will be determined based on the market price at the time of the transfer. The source of the planned reduction of shares is the shares before the company's initial public offering. If there are any changes in the shares during the share reduction period, such as bonus share issues, capital reserves transfer to increase share capital, or share repurchase cancellations, the planned share reduction quantity will be adjusted accordingly. This reduction plan will not lead to a change in the company's controlling rights and will not have an impact on the company's governance structure and ongoing operations.