1, major shareholders holding more than 5% of shares generally require to reduce their holdings for more than two years;

2. If a major shareholder holding more than 5% of the shares reduces its shares through centralized bidding on the stock exchange, it shall disclose the reduction plan 15 trading days in advance;

3. The total number of shares reduced by major shareholders holding more than 5% of shares through centralized bidding transactions on the stock exchange within 3 months shall not exceed 65,438+0% of the total shares of the company;

4. When the number of shares sold by the original non-tradable shareholders who hold more than 5% of the shares traded on the stock exchange reaches 65,438+0% of the total shares of the company, it shall be announced within 2 working days from the date of occurrence.

Special Provisions on Shareholder Reduction of Venture Capital Funds of Listed Companies Article 2 For a venture capital fund registered with China Asset Management Association (hereinafter referred to as the Fund Industry Association), the following proportional restrictions shall apply to the reduction of shares issued by the issuer through centralized competitive bidding on the stock exchange before the initial public offering:

(1) As of the date of the issuer's initial public offering and listing, if the investment period is less than 36 months, the total number of shares reduced within 3 months shall not exceed 65,438+0% of the total number of shares of the company;

(2) As of the date of the issuer's initial public offering, if the investment period is more than 36 months but less than 48 months, the total number of shares reduced within 2 months shall not exceed 65,438+0% of the total shares of the company;

(3) As of the date of the issuer's initial public offering, if the investment period exceeds 48 months but less than 60 months, the total number of shares reduced within 65,438+0 months shall not exceed 65,438+0% of the total number of shares of the company;

(4) As of the date of the issuer's initial public offering, if the investment period exceeds 60 months, the total number of shares to be reduced will no longer be limited by proportion. The investment period shall be calculated from the date when the cumulative investment of venture capital funds in initial public offering enterprises reaches 3 million yuan or the cumulative investment reaches 50% of the total investment in initial public offering enterprises.