Bestechnic (Shanghai) (SH:688608) Shang Hai Zheng Quan Bao·2026-01-12 18:09Core Viewpoint - The announcement details a share reduction plan by major shareholders of Hengxuan Technology, indicating a total reduction of up to 506,081 shares, which represents 1.50% of the company's total share capital, due to personal funding needs [2][3]. Shareholder Holdings - As of the announcement date, the controlling shareholders, including Ningbo Meishan Free Trade Port Area Baibifu Venture Capital Partnership, Ningbo Meishan Free Trade Port Area Qianbifu Venture Capital Partnership, and Ningbo Meishan Free Trade Port Area Yibifu Venture Capital Partnership, collectively hold 10,373,706 shares, accounting for 6.15% of the company [1]. - Another major shareholder, Run Yuan Capital I Limited and its action-in-concert partner Run Yuan Capital II Limited, hold a total of 13,435,030 shares, representing 7.96% of the total share capital [2]. Reduction Plan Details - The reduction plan will be executed through centralized bidding and block trading, with a maximum of 253,040.6 shares to be sold, not exceeding 1.50% of the total share capital [2]. - The reduction period is set to begin 15 trading days after the announcement, lasting from February 3, 2026, to April 30, 2026 [3]. Compliance and Commitments - The shareholders have made commitments regarding the lock-up period and reduction intentions, ensuring compliance with relevant laws and regulations [5][10]. - The shareholders have agreed not to transfer or manage their shares for specified periods following the company's IPO, with penalties for any violations of these commitments [6][9]. Impact on Company Control - The planned share reduction will not lead to a change in the company's controlling shareholder or actual controller, and it is not expected to significantly impact the company's ongoing operations [12].