Core Viewpoint - Recent announcements of share reduction plans by major shareholders of companies like Keli'er, United Precision, and Senba Sensor have raised concerns about market confidence, especially as the A-share index is at a high level [1][2]. Group 1: Shareholder Actions - Major shareholders of Keli'er, United Precision, and Senba Sensor have disclosed plans to reduce their holdings, which appears to be compliant with regulations [1]. - The timing of these reductions is sensitive, occurring when the market is recovering and stock prices are at relatively high levels [1]. - Historical cases show that announcements of share reductions by major shareholders at high stock prices often lead to significant declines in share prices shortly thereafter [1]. Group 2: Market Perception - The actions of major shareholders are interpreted as a vote of no confidence in the company's future, which can severely impact the confidence of retail investors [2]. - A healthy capital market relies on the confidence of all participants, and the actions of major shareholders play a crucial role in maintaining this confidence [2]. - There is an expectation for major shareholders to demonstrate responsibility and commitment to the company's long-term growth, rather than acting as opportunistic traders [2].

Core Viewpoint - The announcement from Gaolun Electronics indicates that several institutional investors plan to significantly reduce their holdings, which could impact the market dynamics and stock price due to the large volume of shares being sold [1][3]. Group 1: Shareholding and Reduction Plan - As of the announcement date, Jin Qiu Investment, Jia Cheng Investment, Jing Yuan Investment, Rui Cheng Investment, and Guo Xing Tong Ying collectively hold 46.8605 million shares, accounting for 10.77% of the total share capital of Gaolun Electronics [1][3]. - The planned reduction involves selling up to 4.3518 million shares (not exceeding 1%) through centralized bidding and up to 8.7036 million shares (not exceeding 2%) through block trading, totaling a maximum of 13.0553 million shares (not exceeding 3%) [1][3]. Group 2: Market Impact and Context - The planned reduction of 13.0553 million shares represents a significant 3% of the total share capital, which is notably higher than the typical reduction percentages seen in the market [3][5]. - Such a large-scale reduction is uncommon in the A-share market, indicating a strong intent from the shareholders to liquidate a substantial portion of their holdings [3][5]. - The dual approach of reducing shares through both centralized bidding and block trading could exert considerable pressure on the market, potentially affecting stock prices and investor confidence [5].