Piotech (SH:688072) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-11-08 00:19Core Points - The announcement details a reduction in shareholding by 11 employee stockholding platforms of Tuojing Technology Co., Ltd. [1][2] - The reduction occurred between November 3 and November 7, 2025, with a total of 1,615,904 shares sold, representing 0.57% of the company's total share capital [1][2] - The shareholding percentage of these platforms decreased from 6.46% to 5.88%, triggering a change that touches the 1% threshold [1][2] Summary by Sections Shareholding Change - The 11 employee stockholding platforms are controlled by the company's employee stockholding management committee, forming a concerted action relationship [1] - The reduction is part of a previously disclosed plan, as detailed in the announcement dated October 1, 2025 [2] Compliance and Regulations - The reduction does not involve any funding sources, does not trigger a mandatory bid, and will not affect the company's governance structure or its status of having a controlling shareholder [2] - The change complies with relevant laws and regulations, including the Securities Law of the People's Republic of China and the Management Measures for the Acquisition of Listed Companies [2] Future Actions - The reduction plan has not been fully implemented as of the announcement date, and the company will continue to monitor compliance with reduction regulations [2]