Zheng Quan Zhi Xing·2025-08-21 08:19Core Viewpoint - The report outlines a significant reduction in shareholding by Langzi Co., Ltd. in Guangzhou Ruoyuchen Technology Co., Ltd., dropping below 5% ownership, which indicates a strategic decision based on funding needs [1][4]. Group 1: Shareholding Changes - Langzi Co., Ltd. reduced its shareholding in Ruoyuchen from 11,999,510 shares (5.49%) to 10,933,510 shares (4.999998%) through a total reduction of 1,066,000 shares [4][6][13]. - The reduction occurred via two methods: 6,000 shares through centralized bidding and 1,060,000 shares through block trading [6][7]. Group 2: Purpose of Shareholding Change - The primary reason for this reduction is the funding needs of Langzi Co., Ltd., which led to the shareholding falling below the 5% threshold [4][5]. Group 3: Company Background - Langzi Co., Ltd. is based in Beijing with a registered capital of 442.45 million yuan and is controlled by siblings Shen Dongri and Shen Jinhua, who hold 47.82% and 6.76% of shares, respectively [2][3]. - The company engages in various sectors, including clothing retail, manufacturing, and consulting services [3]. Group 4: Regulatory Compliance - The report confirms that all necessary authorizations and approvals for the shareholding change have been obtained, ensuring compliance with relevant laws and regulations [1][2].