Songsheng Co., Ltd.: Wang Zongyou and Tian Nianbin plan to reduce their holdings by 1.5% each, and Zou Chaoyang plans to reduce his holdings by 0.37%.

Sungsheng Co., Ltd. announced that the controlling shareholder and actual controller Wang Zongyou and Tian Nianbin plan to reduce their holdings by no more than 4,048,100 shares, accounting for 3.00% of the company’s total share capital, within three months after the disclosure of this announcement through centralized bidding and/or block trades, with each reducing no more than 202,400 shares (1.50%). Director and Vice General Manager Zou Chaoyang plans to reduce his holdings by no more than 500,000 shares (0.37%) through centralized bidding. The specific shareholder Huai’an Sungsheng Investment Partnership (Limited Partnership) plans to reduce its holdings by no more than 2,193,500 shares (1.63%) through centralized bidding and/or block trades.

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