Core Viewpoint - The announcement reveals that two major shareholders of Guangge Technology plan to reduce their holdings, which may impact the company's stock performance and investor sentiment [1][2]. Shareholder Reduction Plans - Beijing Jishi Venture Capital Fund intends to reduce its holdings by up to 1,157,768 shares, accounting for 1.75% of the total shares [1][2]. - Suzhou Fangguang Phase II Venture Capital plans to reduce its holdings by up to 1,477,123 shares, representing 2.24% of the total shares [1][2]. - Both reductions will occur within three months following a 15 trading day period after the announcement [1]. Financial Impact of Shareholder Reductions - Based on the closing price of 29.48 yuan, Jishi Venture Capital's cash-out amount is approximately 34.13 million yuan, while Fangguang Phase II's is about 43.55 million yuan, totaling around 77.68 million yuan [2]. - Jishi Venture Capital has previously reduced its holdings, cashing out approximately 88.52 million yuan from cumulative reductions [2][3]. Company Financial Performance - In 2024, Guangge Technology reported a revenue of 182 million yuan, a year-on-year decrease of 40.06%, with a net loss attributable to shareholders of 67.57 million yuan [3][4]. - For the first three quarters of 2025, the company achieved a revenue of 127 million yuan, a year-on-year increase of 42.98%, but still reported a net loss of 44.61 million yuan [4][5]. Initial Public Offering and Fundraising - Guangge Technology went public on July 24, 2023, with an initial stock price of 53.09 yuan, but is currently trading below this price [5][6]. - The company raised a total of 875.99 million yuan through its IPO, exceeding its initial fundraising target by 187.82 million yuan [6].