Longping Hi-Tech announced that the company's stock holdings of the first phase of the company's long-term service plan under the employee stock ownership plan have recently been reduced through bulk transactions. According to relevant regulations, the details are now explained as follows: The company has received a notice from the first phase of the Employee Stock Ownership Plan Management Committee. It has reduced its holdings of the company's stock holdings by 230.15 million shares through bulk transactions between July 24, 2023 and December 17, 2025, accounting for 1.57% of the company's total share capital. Among them, the transferee of the bulk transaction has no relationship or concerted action relationship with the shareholders holding 5% or more of the company's shares. As of the disclosure date of this announcement, all company shares held by the employee's shareholding plan have been reduced.

Longping Hi-Tech announced that the company's stock holdings of the first phase of the company's long-term service plan under the employee stock ownership plan have recently been reduced through bulk transactions. According to relevant regulations, the details are now explained as follows: The company has received a notice from the first phase of the Employee Stock Ownership Plan Management Committee. It has reduced its holdings of the company's stock holdings by 230.15 million shares through bulk transactions between July 24, 2023 and December 17, 2025, accounting for 1.57% of the company's total share capital. Among them, the transferee of the bulk transaction has no relationship or concerted action relationship with the shareholders holding 5% or more of the company's shares. As of the disclosure date of this announcement, all company shares held by the employee's shareholding plan have been reduced.