Proposed reduction of Annes optical communication shares

Great Wall Development (000021) 2nd announcement, the company's wholly-owned subsidiary Development Technology (Hong Kong) Limited ("Development of Hong Kong") to reduce o-net Communications (Group) Ltd. ("Annes Optical Communications") 10% equity. Data show that Annes optical communications for the development of Hong Kong shares 32.72% of the equity companies. Recently Annes optical communication due to strategic development needs, proposed to 60 million shares, while the majority of shareholders to a specific target reduction of shares, of which the first major shareholder O-net Holdings shares accounted for about 11% of its holdings, the development of Hong Kong's share of the shares accounted for about 10% of its holdings,　　That is, the reduction of 25.293 million shares, the development of Hong Kong to hold Annes Optical communications shares of 228 million shares, accounting for Annes Optical Communications after the issuance of 27.32% of total equity. The development of the Great Wall predicts that this reduction will increase the company's investment income by about 107 million yuan.