Venustech shareholder to reduce stake to repay borrowings

West China Sky Information Technology Co., Ltd. ("West China Sky"), a shareholder of Venustech Group, plans to reduce its stake by selling 892,043 shares, representing 0.07% of the company's total share capital. The sales will occur via centralized bidding within three months, starting 15 trading days from the announcement date. The reduction is primarily to repay borrowings and involves shares issued prior to the company's initial public offering.

West China Sky, acting in concert with Ms. Wang Jia, a shareholder holding over 5% of Venustech, confirmed this plan complies with all relevant regulations and does not violate previous share lock-up commitments. All shares held by West China Sky were unrestricted and tradable as of June 23, 2011.

The company stated that the implementation of this share reduction plan will not alter its control structure or negatively impact its corporate governance and ongoing operations. Venustech Group will continue to monitor West China Sky's share reduction activities and fulfill its information disclosure obligations.