Zheng Quan Zhi Xing·2025-08-24 16:13Summary of Key Points Core Viewpoint - The major shareholder, Beijing Qianfang Technology Co., Ltd., has completed its share reduction plan, reducing its stake in Hangzhou Hongquan Internet of Things Technology Co., Ltd. by 3% of the total share capital, resulting in a current holding of 11,921,054 shares, or 11.80% of the total shares [1][4]. Group 1: Shareholder Information - Before the reduction, Beijing Qianfang Technology held 14,952,369 shares, representing 14.80% of the total share capital [1][2]. - The shares were acquired through an agreement transfer prior to the IPO of Beijing Beida Qianfang Technology Co., Ltd. [1]. Group 2: Reduction Plan Implementation - The reduction plan was announced on April 29, 2025, and the actual reduction occurred from June 24, 2025, to August 22, 2025 [3][4]. - The total number of shares reduced was 3,031,315, which is exactly 3.00% of the total share capital [3][4]. Group 3: Reduction Method and Financials - The reduction was executed through two methods: 1,010,438 shares via centralized bidding and 2,020,877 shares through block trading [4]. - The reduction price ranged from 25.54 to 32.06 CNY per share, totaling approximately 82,972,587.05 CNY [4].