Aolide(688378.SH): Multiple shareholders intend to reduce their holdings

Gelonghui April 1丨Olaide (688378.SH) announced that due to capital needs, the company’s controlling shareholder, actual controller, chairman, and general manager, Mr. Xuan Jingquan, plans to reduce his holdings by no more than 4.4459 million shares, representing no more than 1.70% of the company’s total share capital, through centralized competitive trading and block trading. The company’s controlling shareholder, actual controller, director, and deputy general manager, and financial officer, Ms. Xuan Lingyi, plans to reduce her holdings by no more than 2.1898 million shares, representing no more than 0.84% of the company’s total share capital, through centralized competitive trading and block trading. The company’s controlling shareholder and actual controller, Ms. Li Jixuan, plans to reduce her holdings by no more than 575,787 shares, representing no more than 0.22% of the company’s total share capital, through centralized competitive trading. The company’s controlling shareholder and actual controller’s persons acting in concert, as well as the company’s employee shareholding platform, Changchun Juhai Investment Partnership (Limited Partnership), plans to reduce its holdings by no more than 631,312 shares, representing no more than 0.24% of the company’s total share capital, through centralized competitive trading. Mr. MOON HYOUNG DON plans to reduce his holdings by no more than 4,939 shares, representing no more than 0.00189% of the company’s total share capital, through centralized competitive trading. This round of share reduction will be carried out within 3 months after 15 trading days from the date of disclosure of this announcement. The above share reduction prices will be determined based on the market price at the time of the share reduction.