CFT(SH:603685) Zheng Quan Zhi Xing·2025-08-26 16:57Core Viewpoint - The major shareholder, Hangzhou Hongwo, has completed a share reduction plan, decreasing its stake in Zhejiang Chenfeng Technology Co., Ltd. from 7.40% to 6.40% by selling 1,690,100 shares, which represents a 1% reduction of the total share capital [1][2][3]. Group 1: Shareholder Information - Before the reduction, Hangzhou Hongwo held 12,514,700 shares, accounting for 7.40% of the total share capital [1][2]. - After the reduction, Hangzhou Hongwo's shareholding decreased to 10,824,600 shares, representing 6.40% of the total share capital [3][4]. Group 2: Reduction Plan Details - The share reduction was executed through a centralized bidding process from August 25 to August 26, 2025, with a total reduction of 1,690,100 shares [3][4]. - The share price during the reduction ranged from 16.15 to 17.60 yuan per share, resulting in a total amount of approximately 28.54 million yuan from the sale [3][4]. Group 3: Compliance and Impact - The reduction plan was consistent with previously disclosed commitments and did not trigger any mandatory tender offer obligations [2][4]. - The completion of the reduction is not expected to have a significant impact on the company's governance structure or ongoing operations [4].