Wingtech Technology announced that Wuxi Guolian Integrated Circuit Investment Center, a shareholder holding more than 5% of the shares, plans to reduce its holdings of the company's shares by no more than 24.8909 million shares through block trading, accounting for 2% of the company's total share capital as of December 8, 2024. The reduction will be carried out within 3 months after 15 trading days from the date of this announcement, and the reduction price will depend on market conditions. The reduced shares come from the proceeds of issuing shares to purchase assets, and all are unrestricted tradable shares. The implementation of the reduction plan will be determined based on market conditions and other factors, and there is uncertainty.