Shang Hai Zheng Quan Bao·2025-08-12 20:37Core Viewpoint - The announcement details the completion of a share reduction plan by certain directors and senior management of Hubei Wufang Optoelectronics Co., Ltd, confirming compliance with relevant regulations and the absence of any impact on company control or governance [2][5]. Group 1: Share Reduction Plan - The company disclosed a share reduction plan on July 11, 2025, allowing directors and senior management to reduce their holdings by a total of 42,441 shares, representing 0.0147% of the total share capital after excluding shares in the company's repurchase account [2][4]. - The share reduction was executed between August 1, 2025, and October 31, 2025, in accordance with the pre-announced plan [2][5]. Group 2: Compliance and Impact - The share reduction was conducted in strict adherence to various laws and regulations, including the Company Law and Securities Law of the People's Republic of China, ensuring that the actual reduction aligned with the previously disclosed plan [5]. - The directors and senior management involved in the reduction are not classified as controlling shareholders or actual controllers, indicating that the reduction will not lead to any change in company control or significantly affect its governance structure [5].