HYATECH(SH:688510) Zheng Quan Zhi Xing·2025-08-12 16:13Core Viewpoint - The announcement details a share reduction plan by senior management of Wuxi Hangya Technology Co., Ltd., specifically by Mr. Jing Hongxiang, due to personal financial needs, involving a maximum reduction of 225,000 shares, which is 0.09% of the total shares outstanding [1][2]. Summary by Sections Senior Management Shareholding Situation - As of the announcement date, Mr. Jing Hongxiang holds 900,750 shares, representing 0.35% of the company's total share capital, which were acquired before the company's initial public offering (IPO) and will be released from restrictions on December 16, 2023 [1][2]. Details of the Reduction Plan - Mr. Jing plans to reduce his holdings by up to 225,000 shares, not exceeding 0.09% of the total shares, through centralized bidding or block trading within three months starting from 15 trading days after the announcement [1][2]. - The reduction period is set from September 4, 2025, to December 3, 2025 [2]. Reasons for the Reduction - The primary reason for the share reduction is personal financial needs [2]. Previous Share Reduction Activity - In the past 12 months, Mr. Jing reduced his holdings by 300,250 shares, which is 0.12% of the total shares, at prices ranging from 17.00 to 18.15 yuan per share [2]. Commitments Made by Senior Management - Mr. Jing has made several commitments regarding his shareholding, including not transferring shares within 36 months of the company's listing and adhering to regulations regarding share reductions [3][4][5][6]. - He also committed to not reducing shares if the company faces significant legal issues that could lead to delisting [3][4]. Compliance with Regulations - The share reduction plan complies with relevant laws and regulations, and the company will fulfill its information disclosure obligations [7].