According to Yifan Transmission's announcement, shareholder Song Yiqun had previously planned to reduce his shareholding in the company. Recently, the implementation of its holdings reduction plan was completed. A total of 1.9336.9 million shares were reduced, accounting for 2.3684% of the total share capital after deducting the number of shares repurchased by the company. The shares held before the reduction were 1907.02 million shares, or 2.4532%; after the reduction, 791,000 shares were held, accounting for 0.0848%. Song Yiqun overly reduced her holdings due to misoperation. She has bought back 791,000 shares and promised to pay the proceeds from the spread. This reduction in holdings will not have a significant impact on corporate governance, etc.

According to Yifan Transmission's announcement, shareholder Song Yiqun had previously planned to reduce his shareholding in the company. Recently, the implementation of its holdings reduction plan was completed. A total of 1.9336.9 million shares were reduced, accounting for 2.3684% of the total share capital after deducting the number of shares repurchased by the company. The shares held before the reduction were 1907.02 million shares, or 2.4532%; after the reduction, 791,000 shares were held, accounting for 0.0848%. Song Yiqun overly reduced her holdings due to misoperation. She has bought back 791,000 shares and promised to pay the proceeds from the spread. This reduction in holdings will not have a significant impact on corporate governance, etc.