Gao Weida: Shareholder UnionPay Technology plans to reduce holdings by no more than 2.43%

Greatech Announces: A shareholder, Yinlian Technology, which holds more than 5% of the shares, plans to reduce its holdings of the company’s shares by no more than 10.8 million shares, not exceeding 2.43% of the company’s total share capital, within three months after 15 trading days from the date of the announcement disclosure, through centralized bidding and block trading. As of the date of the announcement disclosure, Yinlian Technology holds 32.7016 million shares of Greatech, representing 7.37% of the company’s total share capital. This reduction is due to Yinlian Technology’s need for capital turnover, and will not affect the company’s control rights or governance structure. The selling price will be determined based on market prices.