Shangda Holdings: Multiple Shareholders Plan to Reduce Holdings

Shangda Shares Announcement: Specific shareholder Yao Xinchun holds 11.6 million shares, accounting for 3.1194%. He plans to reduce his holdings by no more than 3.7 million shares, or 0.9950%, through centralized bidding within three months after 15 trading days. The “CICC – Bank of China – CICC Shangda Shares No. 1 Employee Participation in Strategic Placement Collective Asset Management Plan” holds 1,763,966 shares, accounting for 0.4744%. It plans to reduce holdings by no more than 1,054,100 shares, or 0.2835%. Directors and senior executives including Zheng Xianfeng, Gao Shengyong, Wang Yanhua, Yang Qingkai, Li Aimin, and Lu Guohai collectively plan to reduce holdings by no more than 1.625 million shares, or 0.4370%.