SHEN TONG TECHNOLOGY(SH:605228) Ge Long Hui A P P·2025-09-12 08:05Group 1 - The core point of the article is that Shentong Technology (605228.SH) announced a significant reduction in shareholding by a major investor, Biheng Investment, through block trading [1] - Biheng Investment reduced its holdings by 4.048 million shares between September 1 and September 11, 2025 [1] - The total share capital of the company increased from 431,037,311 shares to 432,270,117 shares due to the exercise of stock options and conversion of convertible bonds [1] Group 2 - The cumulative exercise of stock options and completion of share transfer under the 2023 restricted stock and stock option incentive plan amounted to 74,150 shares [1] - A total of 1,158,656 shares were converted from "Shentong Convertible Bonds" [1] - As a result of these changes, the proportion of shares held by concerted actors decreased from 74.92% to 73.77%, triggering a 1% threshold change [1]