Core Viewpoint - The significant change in shareholding of Chutianlong Co., Ltd. is highlighted, with a major shareholder reducing their stake below 5%, which may impact the company's governance structure and market perception [3][4][10]. Group 1: Shareholding Changes - Wenzhou Yima Enterprise Management Center (Limited Partnership) reduced its holdings by 2,617,800 shares from June 4 to June 6, 2025, representing 0.5677% of the total share capital, bringing its stake down from 5.56767% to 4.99999% [3][4][6]. - The combined shareholding of Wenzhou Yima and its acting in concert party, Wenzhou Xianghongwan Enterprise Management Co., Ltd., decreased from 51.11% to 50.54%, triggering a 1% integer change [3][4][5]. Group 2: Compliance and Impact - The share reduction was part of a pre-disclosed plan and does not trigger a mandatory tender offer, nor does it lead to a change in the controlling shareholder or actual controller of the company [4][7]. - The company confirmed that the reduction in shareholding will not have a significant impact on its ongoing operations or governance structure [4][7][10]. Group 3: Market Reactions - The stock of Chutianlong experienced abnormal trading fluctuations, with a cumulative price deviation exceeding 20% over two consecutive trading days [13][14]. - The company has verified that there are no undisclosed significant matters that could affect its stock price, and its operational conditions remain stable [14][15].