QIFAN(SH:605222) Ge Long Hui A P P·2025-10-24 12:20Core Viewpoint - The controlling shareholder and actual controller of Qifan Cable, Mr. Zhou Gonghua, plans to reduce his holdings by up to 12.387 million shares, representing no more than 3.00% of the company's total shares, due to personal funding needs [1] Summary by Sections Shareholder Reduction Plan - Mr. Zhou Gonghua intends to reduce his holdings through a combination of centralized bidding and block trading, with a maximum reduction of 1% of the total shares through centralized bidding within any consecutive 90-day period and a maximum of 2% through block trading within the same timeframe [1] Other Shareholder Actions - The Lifu Yisheng No. 2 Private Securities Investment Fund plans to reduce its holdings by up to 2.0645 million shares, accounting for no more than 0.50% of the company's total shares, also through centralized bidding [1] Timeline and Pricing - The reduction period for both shareholders will commence 15 trading days after the announcement and will last for 3 months, with the reduction price determined by market conditions [1]