Wanli Shi announced that since the second-tier holding subsidiary Fujian Wanli Dingsheng New Energy Technology Co., Ltd.'s market development did not meet expectations, the company's board of directors deliberated and passed a capital reduction bill to reduce the registered capital of Wanli by 47 million yuan, to be implemented in the same proportion as all shareholders originally held. Xiamen Wanli Building Decoration Engineering Co., Ltd., a wholly-owned subsidiary of the company, reduced its investment amount by 23.97 million yuan. After the capital reduction was completed, the registered capital of Wanli Dingsheng was reduced from 50 million yuan to 3 million yuan. The company's shareholding ratio remained unchanged at 51%, and the scope of the consolidated statement remained unchanged, which would not have a significant impact on the company's financial situation and operating results.

Wanli Shi announced that since the second-tier holding subsidiary Fujian Wanli Dingsheng New Energy Technology Co., Ltd.'s market development did not meet expectations, the company's board of directors deliberated and passed a capital reduction bill to reduce the registered capital of Wanli by 47 million yuan, to be implemented in the same proportion as all shareholders originally held. Xiamen Wanli Building Decoration Engineering Co., Ltd., a wholly-owned subsidiary of the company, reduced its investment amount by 23.97 million yuan. After the capital reduction was completed, the registered capital of Wanli Dingsheng was reduced from 50 million yuan to 3 million yuan. The company's shareholding ratio remained unchanged at 51%, and the scope of the consolidated statement remained unchanged, which would not have a significant impact on the company's financial situation and operating results.