WALRUS announced that the company's supervisor, Shen Caixing, holds 2.06 million shares of the company, accounting for 2.03% of the total share capital. Shen Caixing plans to reduce his holdings by no more than 500,000 shares through centralized bidding, accounting for 0.49% of the total share capital. The reduction period is from January 16, 2025, to April 15, 2025. The reduction price will be determined based on market prices. Mr. Shen Caixing does not have any circumstances that would prevent him from reducing his holdings, and this reduction plan is consistent with previously disclosed commitments