Farasis Energy has made a public announcement stating that certain shareholders, including Jiangxi Lida, have plans to divest their holdings. The divestment will involve offloading no more than 24.4421 million shares, which equates to no more than 2% of the company's total share capital. This transaction will be executed either through block trades or centralized bidding mechanisms. The timeframe allocated for this divestment spans three months, commencing from the third trading day following the public disclosure of this announcement.

Specifically, the number of shares to be divested via centralized bidding will not surpass 12.221 million. Meanwhile, the quantity of shares intended for divestment through block trades will be capped at twice the amount slated for centralized bidding. The motive behind this share reduction stems from the shareholders' individual operational requirements. Importantly, this move is not anticipated to exert any influence on the company's governance structure or its ongoing operational activities.