WELLSUN announced that its shareholder, TianTaiXian Wensheng Zhihe Investment Partnership, holding more than 5% of the shares, plans to reduce its holdings of the company's shares by no more than 2,862,000 shares through centralized bidding within three months after 15 trading days from the date of this announcement. The reason for the reduction is the shareholder's own funding needs, and the shares to be reduced are from those held before the company's initial public offering and the shares increased accordingly due to capital reserve conversion into share capital after the initial public offering