According to Xinlian Electronic Notice, the controlling shareholder, Nanjing Xinlian Venture Park Management Co., Ltd., holds 311 million shares, accounting for 37.33%. It is intended to reduce its holdings by no more than 2.52 million shares through centralized bidding and bulk transactions within 3 months after the disclosure of the announcement; centralized bidding will reduce holdings by no more than 1% and bulk transactions by no more than 2% within 90 consecutive days. The holdings reduction price will be determined according to the current market price.

According to Xinlian Electronic Notice, the controlling shareholder, Nanjing Xinlian Venture Park Management Co., Ltd., holds 311 million shares, accounting for 37.33%. It is intended to reduce its holdings by no more than 2.52 million shares through centralized bidding and bulk transactions within 3 months after the disclosure of the announcement; centralized bidding will reduce holdings by no more than 1% and bulk transactions by no more than 2% within 90 consecutive days. The holdings reduction price will be determined according to the current market price.