Core Viewpoint - The report outlines the equity changes of Shanghai Yaoji Technology Co., Ltd, indicating a reduction and dilution of shares held by the disclosing parties due to personal funding needs and the company's stock incentive plan [1][6]. Group 1: Equity Change Purpose and Plan - The purpose of the equity change is based on the disclosing parties' funding needs and the dilution of their shareholding due to the company's stock incentive plan and convertible bond conversions [6][7]. - The disclosing parties plan to reduce their holdings by up to 12,524,155 shares, representing 3% of the total share capital, within three months following the announcement [7][8]. Group 2: Shareholding Structure - Before the equity change, the disclosing parties held a total of 215,393,857 shares, accounting for 53.86% of the company's total share capital [6][8]. - After the equity change, the disclosing parties' total shareholding will decrease to 207,193,857 shares, representing 49.61% of the total share capital [8]. Group 3: Share Transfer and Trading - The share transfer occurred through block trading and passive dilution, with specific internal transfers among the disclosing parties and their concerted actions [6][8]. - The report indicates that there were no transactions in the stock market by the disclosing parties or their concerted actions in the six months prior to the equity change [9][10]. Group 4: Legal Compliance and Commitments - The disclosing parties have complied with legal requirements for disclosure and have not violated any lock-up commitments made during the company's initial public offering [11][12]. - The report confirms that there are no other significant matters related to the equity change that need to be disclosed [11].