Demingli announced that shareholder Wei Hongzhang's holdings reduction plan has been implemented, and his holdings have been reduced by a total of 2,843 million shares, accounting for 1.25% of the total share capital. The methods of reducing holdings include bidding transactions and bulk transactions. After this holdings reduction, Wei Hongzhang's shareholding ratio fell from 5.34473% to 4.09155%. Previously, its shareholding ratio fell below 5% after reducing its holdings on November 7. The total number of shares reduced this time is less than the number agreed in the plan, and will not cause changes in the company's controlling shareholders or actual controllers, and has no significant impact on the company's operations.

Demingli announced that shareholder Wei Hongzhang's holdings reduction plan has been implemented, and his holdings have been reduced by a total of 2,843 million shares, accounting for 1.25% of the total share capital. The methods of reducing holdings include bidding transactions and bulk transactions. After this holdings reduction, Wei Hongzhang's shareholding ratio fell from 5.34473% to 4.09155%. Previously, its shareholding ratio fell below 5% after reducing its holdings on November 7. The total number of shares reduced this time is less than the number agreed in the plan, and will not cause changes in the company's controlling shareholders or actual controllers, and has no significant impact on the company's operations.