Core Viewpoint - The announcement details the shareholding changes of a major shareholder, Wu Xingming, who reduced his stake in Hunan Chongde Technology Co., Ltd. by 595,975 shares, impacting his ownership percentage and triggering a notification due to the change crossing a 1% threshold [1][2]. Summary by Sections Shareholder Reduction Plan - Wu Xingming planned to reduce his shareholding by up to 870,000 shares within three months starting from August 19, 2025, which would not exceed 1% of the total share capital [1][3]. - The reduction was executed through centralized bidding or block trading methods [3]. Specifics of the Share Reduction - From August 27 to September 2, 2025, Wu Xingming sold 595,975 shares, decreasing his ownership from 11.6850% to 10.9999% [2][3]. - Post-reduction, Wu Xingming holds 9,569,975 shares, representing 10.9999% of the total share capital, or 11.0541% when excluding shares in the repurchase account [2][3]. Compliance and Governance - The reduction was in line with previously disclosed plans and will not significantly impact the company's governance structure or ongoing operations [2][4]. - The company will continue to monitor the implementation of the reduction plan and ensure compliance with relevant laws and regulations [4].
崇德科技: 关于持股5%以上股东权益变动触及1%整数倍的提示性公告