SRIBS Group: Guoxin Shanghai plans to reduce its holdings by no more than 1.46% of shares

SRIBS Group announced that its shareholder, State-owned Assets Supervision and Administration Commission of the State Council, plans to reduce its holdings by no more than 6 million shares, accounting for no more than 1.46%, through centralized bidding or block trading within three months after 15 trading days from the announcement date. As of the announcement date, State-owned Assets Supervision and Administration Commission of the State Council holds 28,000,100 shares, with a shareholding ratio of 6.83%. This reduction plan is due to the funding needs of State-owned Assets Supervision and Administration Commission of the State Council and will not have a significant impact on the company's governance structure and ongoing operations. The reduction price will be determined based on market prices. State-owned Assets Supervision and Administration Commission of the State Council has previously committed that any reduction actions will strictly comply with laws, regulations, and relevant commitments