SACA announced that the company's director and deputy general manager Cai Wenhua plans to reduce his holdings of 202,500 shares of the company through centralized bidding within three months after 15 trading days from the date of the announcement, accounting for 0.0438% of the company's total share capital. The reason for the reduction is the shareholder's funding needs, and the shares to be reduced are sourced from shares held before the company's initial public offering and shares obtained from the company's 2022 restricted stock incentive plan. The reduction price will be determined based on market prices. Mr. Cai Wenhua is not the company's controlling shareholder or actual controller, and the implementation of this reduction plan will not lead to a change in the company's control