FEILIHUA announced that the company's chairman, Shang Chunli, director Zheng Wei, director Lu Xiaohui, and chief financial officer Wei Xuebing plan to reduce their shareholdings due to personal funding needs. They intend to reduce their holdings through centralized bidding within three months after the announcement date, starting 15 trading days later. Shang Chunli plans to reduce no more than 900,000 shares, accounting for 0.1729% of the total share capital; Zheng Wei plans to reduce no more than 140,000 shares, accounting for 0.0269% of the total share capital; Lu Xiaohui plans to reduce no more than 81,075 shares, accounting for 0.0156% of the total share capital; Wei Xuebing plans to reduce no more than 81,150 shares, accounting for 0.0156% of the total share capital. The reduction price will be determined based on market prices, and the reduction plan complies with relevant laws and regulations and will not lead to a change in the company's control