Suqun announced that the share reduction plan of shareholder, director, and senior management personnel Wu Pan, who holds more than 5% of the shares, has been completed. Wu Pan has cumulatively reduced his holdings in the company by 1 million shares through centralized bidding and block trading, accounting for 1.7337% of the company's total share capital. Among them, 576,800 shares were reduced through centralized bidding, accounting for 1.0000% of the company's total share capital; 423,200 shares were reduced through block trading, accounting for 0.7337% of the company's total share capital. After the reduction, Wu Pan holds 4.1272 million shares in the company, accounting for 7.1552% of the company's total share capital