Cubic Digital Technology Co.Ltd(300344) 5 on May 20, it was announced that Fan Li, a shareholder holding 10.92% shares, intended to reduce the shares of the company by no more than 6%. The reason for the reduction was his own capital needs. The shares came from the company’s shares held before the IPO listing (including the shares corresponding to the increase of these shares due to the conversion of capital reserve into share capital and share distribution). The reduction price was determined according to the market price. During the reduction period, if the shares are reduced through centralized bidding trading, the total number of shares reduced shall not exceed 1% of the total number of shares of the company within six months after 15 trading days from the date of disclosure of this announcement, and within any continuous 90 natural days; The reduction of shares through block trading shall be implemented within six months from the date of disclosure of this announcement. Within any continuous 90 natural days, the total number of shares reduced shall not exceed 2% of the total number of shares of the company.
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