Beijing Cree announced that previously Cree North, the controlling shareholder of the company, planned to reduce its holdings by no more than 11,467,917 shares, while Fu Xiaodong, the actual controller and chairman of the board, planned to reduce its holdings by no more than 3,884,203 shares. As of the disclosure date of the announcement, the implementation period of the holdings reduction plan has expired, and neither of them has reduced their holdings of the company's shares during the holdings reduction period. Before and after the holdings reduction, Cree North held 147,045,953 shares, accounting for 27.11%; Fu Xiaodong held 15,536,813 shares, accounting for 2.86%. This holdings reduction complies with relevant regulations and is consistent with the disclosed plan.

Beijing Cree announced that previously Cree North, the controlling shareholder of the company, planned to reduce its holdings by no more than 11,467,917 shares, while Fu Xiaodong, the actual controller and chairman of the board, planned to reduce its holdings by no more than 3,884,203 shares. As of the disclosure date of the announcement, the implementation period of the holdings reduction plan has expired, and neither of them has reduced their holdings of the company's shares during the holdings reduction period. Before and after the holdings reduction, Cree North held 147,045,953 shares, accounting for 27.11%; Fu Xiaodong held 15,536,813 shares, accounting for 2.86%. This holdings reduction complies with relevant regulations and is consistent with the disclosed plan.