Executives of Welch's shares, general managers and other senior executives have reduced their holdings

On the 9th of May, Wei'er shares issued directors, senior management personnel reduced shareholding plan announcement, claiming that the company’s director and general manager Ma Jianqiu had plans for 15 trading days from the date of disclosure of this announcement due to personal capital needs. Within six months, the shareholding of the company held by it shall be less than 975,000 shares, accounting for 0.21% of the total share capital of the company. The total number of shares to be reduced shall not exceed 25% of the total number of unrestricted shares held by it, and the reduction price will be reduced. Market price determination during actual implementation;

Mr. Ji Gang, deputy general manager of the company, due to personal fund demand, planned to reduce the holding of company shares held by him not to exceed 975,000 shares within 15 months from the date of disclosure of this announcement, accounting for 0.21% of the company’s total share capital. The total number of shares proposed to be reduced shall not exceed 25% of the total number of unrestricted shares held by the company, and the shareholding price will be determined in accordance with the market price at the time of actual reduction;

Mr. Jia Yuan, Secretary of the Board of Directors and Chief Financial Officer of the company, due to personal fund demand, planned to reduce the holding of the company's shares in the company within 265,750 shares, accounting for the total share capital of the company, within six months after 15 trading days from the date of this announcement. 0.05%, the total number of shares proposed to be reduced shall not exceed 25% of the total number of unrestricted shares held by the company, and the shareholding price will be determined in accordance with the market price at the time of actual reduction.

As of the date of this announcement, Mr. Ma Jianqiu, director and general manager of Weier, holds 7,798,000 shares of the company, accounting for 1.71% of the company's total share capital; Mr. Ji Gang, deputy general manager of the company holds 7,240,000 shares of the company, accounting for 1.59 of the company’s total share capital. %; Mr. Jia Yuan, the company’s board secretary and chief financial officer, holds 4,775,000 shares of the company, which is 1.05% of the company’s total share capital.

Weier shares announced that the directors and senior managers in this reduction plan will make their own decisions based on their own funding needs. This reduction plan will not affect the corporate governance structure and sustainable operations. During the reduction period, The above-mentioned shareholders will choose whether or not to implement the reduction plan according to factors such as market conditions and stock prices of the company. There is a certain degree of uncertainty.