

Core Viewpoint - The major shareholders of Delong Laser (688170.SH) plan to reduce their holdings due to personal funding needs, with a total reduction of up to 3,100,800 shares, representing no more than 3% of the company's total share capital [1][2] Shareholder Reduction Plans - Beijing Woyan Investment Center and its concerted actors intend to reduce up to 3,100,800 shares, not exceeding 3% of the total share capital, through a combination of centralized bidding and block trading [1][2] - Shareholder Chen Jiang and his concerted actors plan to reduce up to 1,343,700 shares, not exceeding 1.30% of the total share capital, also through centralized bidding and block trading [1][2] Shareholding Structure - As of the announcement date, Beijing Woyan holds 10,026,837 shares (9.70% of total), while Jiangyin Woyan holds 1,583,163 shares (1.53%), Wuxi Yuyuan holds 410,000 shares (0.40%), and Suzhou Wojie holds 480,000 shares (0.46%), collectively holding 12,500,000 shares (12.09% of total) [2] - Tianlong Heavy Industry holds 1,180,000 shares (1.14%), and Chen Jiang holds 5,290,100 shares (5.12%), with a combined holding of 6,470,100 shares (6.26% of total) [2] Market Conditions and Uncertainties - The reduction period will occur within three months after the announcement, starting 15 trading days later, with uncertainties regarding the quantity, timing, and pricing of the share reductions [3] Company Financials - Delong Laser was listed on the Sci-Tech Innovation Board on April 29, 2022, with an initial offering price of 30.18 yuan per share, and has been in a state of decline since then [3] - The company raised a total of 780 million yuan, with a net amount of 714 million yuan, exceeding the original plan by 264 million yuan, intended for various expansion and development projects [3][4] - In 2024, the company reported revenue of 715 million yuan, a year-on-year increase of 22.93%, but a net loss of 34.5 million yuan compared to a profit of 39.05 million yuan in the previous year [5][6]