QINGMU Technology: The controlling shareholder, actual controller, and their concerted parties plan to reduce their holdings by no more than 3% of the company's shares

QINGMU announced that the company's controlling shareholder and actual controller, Lü Bin, along with his concerted parties, Yun Yi Partnership, plans to reduce their holdings of the company's shares by no more than 2,776,000 shares, accounting for 3.00% of the company's total share capital, within three months after the announcement date, through centralized bidding or block trading. The reason for the reduction is the shareholders' funding needs, and the reduction price will be determined based on market prices and trading methods, and will not be lower than the issuance price. If there are any ex-rights and ex-dividend events during the reduction plan period, the lower limit of the reduction price will be adjusted accordingly. This reduction plan complies with relevant laws, regulations, and normative documents, will not lead to a change in the company's control, and will not have a significant impact on the company's governance structure and ongoing operations