Shang Hai Zheng Quan Bao·2025-08-29 01:11Group 1 - On August 29, seven companies listed on the Sci-Tech Innovation Board announced share reduction plans, with an estimated total reduction of approximately 2.647 billion yuan based on the closing price on August 28 [1] - The reduction plans involve various stakeholders, including controlling shareholders, employee stock ownership plans, and shareholders holding more than 5% of the shares, utilizing methods such as centralized bidding, block trading, and inquiry transfer [1] - Aojie Technology announced that its shareholder, Alibaba Network, plans to reduce its holdings by up to 12.549 million shares, accounting for no more than 3% of the company's total share capital, through block trading and centralized bidding within three months after the announcement [1] Group 2 - As of the announcement date, Alibaba Network directly holds 64.5574 million shares of Aojie Technology, representing 15.4333% of the company's total share capital, with these shares originating from the company's initial public offering prior to the listing [1]