Montai Hi-Tech: Shareholders Intend to Reduce Their Holdings by No More Than 3.00% in Total

Montai High-Tech announced that shareholders Guo Hongjiang and Guo Lina plan to reduce their holdings by no more than 3.2461 million shares, accounting for 3.00% of the total share capital excluding shares held in the repurchase account, within three months after fifteen trading days from the disclosure date. The reason for the reduction is the shareholders’ own funding needs. The shares originate from those issued before the company’s initial public offering. The reduction price will be determined based on the market price but not lower than the adjusted issue price after dividends and rights adjustments.