Silicon Electric Co., Ltd.: Fengnian Junhe, Xibo No. 1 Autonomous Control, and others plan to collectively reduce their holdings by no more than 4.71% of the shares.

On March 25, People’s Financial News reported that Silicon Power Co., Ltd. (301629) announced on March 25 that its shareholder, Ningbo Fengnian Rongtong Investment Management Co., Ltd. - Ningbo Meishan Bonded Port Area Fengnian Junhe Venture Capital Partnership (Limited Partnership) (referred to as “Fengnian Junhe”) and its concerted action party Fengnian Junchuan plan to collectively reduce their shareholding in the company by no more than 775,100 shares (accounting for 1.86% of the company’s total share capital). The company’s shareholder, Shenzhen Xibo Venture Capital Partnership (Limited Partnership) - Ji’an Xibo No. 1 Self-Control Venture Capital Partnership (Limited Partnership) (referred to as “Xibo No. 1 Self-Control”) and its concerted action parties Xibo Juxin No. 2, Xibo Huixin No. 3, and Xibo Huixin No. 2 plan to collectively reduce their shareholding in the company by no more than 1,189,500 shares (accounting for 2.85% of the company’s total share capital).