Core Viewpoint - The major shareholder of Shenzhen Yuanwanggu Information Technology Co., Ltd., Mr. Xu Yusuo, plans to reduce his shareholding by up to 7,397,574 shares, which is no more than 1% of the company's total share capital, due to personal financial needs [1]. Shareholder Information - Mr. Xu Yusuo holds 113,262,513 shares, representing 15.31% of the company's total shares, all of which are unrestricted circulating shares [1]. Details of the Reduction Plan - The reason for the planned reduction is personal financial needs [1]. - The shares to be reduced are from those held before the company's initial public offering, including any increases due to stock bonuses or capital reserve transfers [1]. - The reduction will occur through centralized bidding within three months after the announcement date, starting 15 trading days later [1]. - The reduction price will be determined based on the market price at the time of the sale, in compliance with relevant laws and regulations [1]. - Mr. Xu has complied with previous commitments and has not violated any agreements related to shareholding [1]. Commitment and Compliance - Mr. Xu has made commitments to avoid engaging in any business that competes with Yuanwanggu and to bear any tax liabilities arising from the company's pre-IPO benefits [2][3]. - He has also committed to not interfere with the company's management and to ensure that any related transactions are conducted at fair market prices [2][3]. - The company confirms that the planned reduction aligns with previously disclosed intentions and complies with relevant regulations [6].