Jingquanhua: the directors and supervisors intend to reduce their shares by no more than 3.04%.

Xinhua News Agency, May 29, Beijing Quanhua announced that directors Ju Wanjin, Li Zhangong, Zhang Liyang, and supervisor he Shiping, who hold shares in the company, have expired their plan to reduce their holdings. During the period of the reduction plan, none of the above-mentioned shareholders reduced their holdings in the company. Directors Zhang Lipin, Ju Wanjin, Wang Zhaohua, Li Zhangong and supervisors he Shiping and Xie Guangyuan, who hold shares in the company, plan to adopt a centralized bidding method, with a total reduction of no more than 8.2773 million shares (accounting for 3.0394% of the company's total share capital).