Jihua Group: vice Chairman Yang Quanming intends to reduce his stake in the company by no more than 0.32%

[Jihua Group: vice Chairman Yang Quanming plans to reduce no more than 0.32% of the company's shares] May 25, Jihua Group announced that Vice Chairman Yang Quanming plans to reduce his shares in the company within six months from June 16, 2023, by means of centralized bidding or block trading, by no more than 2.255 million shares, that is, not more than 0.32% of the company's total share capital. The price of the reduction will be determined by the market price at the time of the reduction.