Mei Ri Jing Ji Xin Wen·2025-11-18 10:36Group 1 - Hongquan Technology announced that Beijing Qianfang Technology Co., Ltd. holds approximately 11.94% of its total shares, equating to about 11.92 million shares [1] - Qianfang Technology plans to reduce its holdings by up to 3% of the total shares, which is approximately 2.99 million shares, through centralized bidding and block trading [1] - The reduction plan will take place within three months after the announcement, with specific limits on the number of shares that can be sold in any 90-day period [1] Group 2 - For the year 2024, Hongquan Technology's revenue composition is projected to be 96.81% from the Internet of Things (IoT) and 3.19% from other businesses [1] - The current market capitalization of Hongquan Technology is reported to be 3 billion yuan [2]