Desay SV announced that its shareholder, Guangdong Desay Group Co., Ltd., intends to reduce its holding of the company’s shares by no more than 7.1062 million shares—representing approximately 1.1906% of the company’s current total issued share capital—within three months following the 15th trading day after the announcement, through either centralized bidding or block trading. As of the date of this announcement, Desay Group holds 157 million shares of Desay SV, representing 26.32% of the company’s total issued share capital. This reduction is due to the shareholder’s own capital needs, and the shares to be sold were issued prior to the company’s initial public offering. The sale price will be determined based on market prices. Desay Group undertakes to issue an advance announcement prior to the sale and to comply with relevant laws and regulations.