WEDGE(SZ:000534) Zheng Quan Zhi Xing·2025-06-24 18:09Core Viewpoint - The announcement details the completion of a share reduction plan by the company's director and general manager, Chen Lan, involving a total reduction of 197,500 shares, which represents 0.0414% of the company's total share capital after excluding treasury shares [1]. Summary by Sections Implementation of the Share Reduction Plan - Chen Lan executed the share reduction through centralized bidding, with a total of 197,500 shares reduced [1]. - The company's total share capital as of June 24, 2025, was 504,122,316 shares, with 27,196,157 shares held in the treasury, resulting in an adjusted total of 476,926,159 shares [1]. - Prior to the reduction, Chen Lan held 790,000 shares (0.1656% of total share capital), and after the reduction, she holds 592,500 shares (0.1242% of total share capital) [1]. Compliance and Regulations - The share reduction plan was executed in accordance with relevant regulations, including the Shenzhen Stock Exchange's rules and guidelines for the management of shareholdings by directors and senior management [1]. - The implementation of the share reduction plan aligns with previously disclosed plans, confirming no violations or breaches of commitments [1]. - The share reduction will not result in a change of control of the company [1].