Core Viewpoint - The company Lingyi Technology (领益智造) announced a share reduction plan by shareholder Zeng Fangqin, who intends to sell up to 36 million shares over a three-month period, which represents 0.49% of the company's total share capital after excluding repurchased shares [1][3]. Group 1: Shareholder Reduction Plan - Shareholder Zeng Fangqin holds 144,536,846 shares, accounting for 1.98% of the company's total share capital after excluding repurchased shares [1]. - The planned reduction will occur through block trades starting from February 7, 2026, to May 6, 2026 [1]. - The estimated cash amount from the share reduction, based on the closing price of 16.51 yuan on January 16, 2026, is approximately 594 million yuan [2]. Group 2: Company Control and Governance - Lingyi Technology confirmed that the share reduction will not lead to a change in company control or affect its ongoing operations and governance structure [3]. - The company's fundamentals have not undergone significant changes, ensuring stability in its operations [3]. Group 3: International Expansion Plans - Lingyi Technology is planning to issue H-shares and list on the Hong Kong Stock Exchange to enhance its international strategy and expand overseas business [3]. - This move aims to broaden merger and financing channels, increase international visibility, and improve overall competitiveness [3]. Group 4: Fundraising History - Over the past six years, Lingyi Technology has raised a total of 5.137 billion yuan through two rounds of fundraising in the A-share market [4]. - The company reported a net fundraising amount of approximately 2.972 billion yuan from a private placement in 2020 [4]. - In 2024, the company raised 2.137 billion yuan through the issuance of convertible bonds [4].