Core Viewpoint - Snow浪 Environment plans to reduce its shareholding by up to 9.9943 million shares, representing 3% of the total share capital, for family asset planning purposes, potentially cashing out approximately 117 million yuan based on the closing price of 11.69 yuan per share on February 6 [1] Group 1: Shareholding Reduction - Shareholders Yang Jianping and Xu Huifen intend to reduce their holdings within three months after 15 trading days from the announcement date [1] - The couple currently holds a total of 47.6083 million shares, accounting for 14.29% of the company's total share capital [1] - The reduction plan is subject to market conditions and may have uncertainties regarding timing, quantity, and price [1] Group 2: Financial Performance - Snow浪 Environment has reported losses for three consecutive years from 2022 to 2024, with an expected net loss of 210 million to 300 million yuan for 2025, although this represents a reduction in losses compared to previous years [2] - The manufacturing segment is facing challenges due to market contraction in the waste incineration power generation industry, weak demand in the steel sector, and financial pressures, leading to reduced revenue [2] - The hazardous waste operation segment is undergoing deep adjustments, with intensified competition resulting in lower collection volumes and overall material prices [2]