Group 1 - The core point of the news is that Wuhan Yangtze Communication Industry Group Co., Ltd. plans to reduce its shareholding in Changfei Fiber Optic Cable Co., Ltd. due to its own operational needs [1][2] - As of the announcement date, Yangtze Communication holds 119,937,010 A-shares, accounting for 15.82% of the total share capital of Changfei [2] - The planned reduction involves selling up to 1,100,000 shares, which represents a maximum of 0.15% of the total shares, through centralized bidding from September 26, 2025, to December 26, 2025 [2] Group 2 - Yangtze Communication's previous commitments regarding shareholding include a maximum reduction of 5% of the total share capital within 12 months post-lockup and 10% within 24 months [3] - The reduction methods include centralized bidding, block trading, and agreement transfer, with a requirement to announce three trading days in advance [3] - The current reduction plan is consistent with previously disclosed commitments, ensuring compliance with regulatory requirements [3]