Core Viewpoint - Shandong Tianyue Advanced Technology Co., Ltd. announced that its major shareholder, Guocai Equity Investment Fund (Jinan) Partnership, has completed its share reduction plan, selling a total of 9.549 million shares for approximately 747 million yuan [1][2]. Summary by Sections Share Reduction Plan Implementation - Guocai Fund disclosed its share reduction plan on August 26, 2025, intending to reduce up to 9.549 million shares, representing 2.00% of the company's total share capital [1]. - The reduction was executed through both centralized bidding and block trading, with each method accounting for 4.7746 million shares [1]. - The reduction period was set from September 17 to November 20, 2025, and was completed as planned [1]. - The share reduction price ranged from 69.14 yuan to 90.47 yuan per share, totaling approximately 747 million yuan [1]. Changes in Shareholding - Prior to the reduction, Guocai Fund held 38.674 million shares, which was 8.10% of the total share capital [2]. - After the reduction, its holdings decreased to 29.124 million shares, representing 6.01% of the total share capital, maintaining its status as a major shareholder [2]. - The shareholding changes were executed in compliance with relevant laws and regulations, with no significant impact on the company's governance or ongoing operations [2]. Company Response - The board of Tianyue Advanced will continue to monitor changes in shareholder holdings and fulfill its information disclosure obligations as required [3].