北方股份：持股5%以上股东减持股份，权益比例降至10.87%

Core Viewpoint - The announcement from Northern Shares indicates a share reduction by a major shareholder, Tewo Shanghai, which will not affect the company's governance or control rights [1] Group 1: Shareholder Actions - Tewo Shanghai, holding over 5% of shares, has issued a notice regarding a share reduction plan [1] - On December 25-26, 2025, Tewo Shanghai will reduce its holdings by 663,600 shares, representing 0.39% of the total share capital [1] - Post-reduction, Tewo Shanghai's shareholding will decrease from 19.15 million shares to 18.4864 million shares, lowering its ownership percentage from 11.26% to 10.87% [1] Group 2: Compliance and Governance - The share reduction is part of a previously planned strategy and does not trigger a mandatory tender offer [1] - The company will ensure that Tewo Shanghai complies with regulations during the reduction process and will disclose information in a timely manner [1]