Implementation of Share Reduction Plan
Zhongwen Online Group Co., Ltd. (hereinafter referred to as "the Company") disclosed the "Announcement on the Pre-disclosure of Share Reduction Plan by Directors and Senior Management" (Announcement No. 2026-004) on February 3, 2026. The Company's director Mr. Zhang Fan, director and executive vice president Mr. Xie Guangcai, and vice president, board secretary, and chief financial officer Ms. Wang Jingjing began to reduce their shares in the Company through centralized bidding within three months after fifteen trading days from February 3, 2026 (no reduction during the window period). Recently, the Company received a notice from the aforementioned directors and senior management stating that the share reduction plan has been completed. As of the date of this announcement, the share reduction plans of the aforementioned directors and senior management have all been completed, and the implementation details are disclosed as follows:
- Share Reduction Details