Core Viewpoint - Dalian Dali Kape Technology Co., Ltd. announced that its major shareholder, Panshin Investment, plans to reduce its stake by up to 18,000,450 shares, accounting for 4.50% of the total share capital [1][2]. Shareholder Reduction Details - Panshin Investment currently holds 35,097,096 shares, representing 8.77% of the total share capital [2]. - The planned reduction will not exceed 4.50% of the total share capital, with adjustments possible based on corporate actions such as dividends or stock splits [2][3]. Reduction Method and Timeline - The reduction will be executed through centralized bidding and block trading, scheduled from November 28, 2025, to February 27, 2026, following a 15 trading day period after the announcement [3]. - If legal restrictions on share reduction arise, the timeline will be adjusted accordingly [3]. Special Regulations for Reduction - Panshin Investment has applied for and received approval to follow special regulations for venture capital fund shareholders, which limit the total number of shares that can be reduced within a specified timeframe [4]. Impact on Company Structure - The company stated that Panshin Investment is not the controlling shareholder, and the reduction will not affect the governance structure or ongoing operations of Dalian Dali Kape [5]. - The timing, quantity, and price of the share reduction remain uncertain and will depend on market conditions and the company's stock price [5].

Core Viewpoint - The major shareholder, Qianan (Beijing) Investment Management Co., Ltd., plans to reduce its stake in Yongxin Zhicheng Technology Group Co., Ltd. due to funding exit requirements, intending to sell up to 6,038,460 shares, which represents 4% of the total share capital [1][2]. Shareholder Information - Qianan holds 13,129,302 shares, accounting for 8.70% of the total shares of Yongxin Zhicheng [1][3]. - The shares were acquired prior to the company's initial public offering (IPO) and through capital reserve conversion after the listing [1][4]. Reduction Plan Details - The reduction will occur through centralized bidding and block trading methods, with a maximum of 6,038,460 shares to be sold within three months after the announcement, starting 15 trading days post-announcement [2][4]. - The plan includes a limit of 1% of total shares for centralized bidding and 2% for block trading within any consecutive 30-day period [2][4]. Compliance and Commitments - Qianan has complied with the regulations set forth by the China Securities Investment Fund Industry Association and relevant stock exchange rules regarding the reduction of shares [1][8]. - The shareholder has made commitments regarding the lock-up period and will adhere to the rules governing share reduction and information disclosure [4][5]. Historical Reduction Activity - In the past 12 months, Qianan has reduced its holdings by 3,066,530 shares, representing 2.9995% of the total shares, with a price range of 25.00 to 48.58 yuan per share [3][4].