Core Viewpoint - Juguang Technology's stock price has experienced a decline, reflecting market volatility and recent corporate decisions regarding financial strategies [1] Group 1: Stock Performance - As of August 13, 2025, Juguang Technology's stock price is reported at 100.20 yuan, down by 3.80 yuan, a decrease of 3.65% from the previous trading day [1] - The stock opened at 106.00 yuan, reached a high of 106.50 yuan, and a low of 99.00 yuan, with a trading volume of 62,424 hands and a transaction amount of 632 million yuan [1] Group 2: Corporate Announcements - On the evening of August 13, the company announced that the board approved a proposal to use temporarily idle self-owned funds for foreign exchange hedging, with a maximum contract value not exceeding 50 million yuan [1] - The board also approved an increase in the expected amount of daily related transactions for 2025, raising the total expected transactions with Xi'an Hongdun New Materials Technology Co., Ltd. and its subsidiaries to 28.85 million yuan [1] Group 3: Capital Flow - Data indicates that on the same day, the net outflow of main funds from Juguang Technology was 64.4672 million yuan, accounting for 0.72% of the circulating market value [1] - Over the past five days, the net inflow of main funds was 38.4990 million yuan, representing 0.43% of the circulating market value [1]

Core Viewpoint - The announcement reveals a share reduction plan by major shareholders of Jieput, indicating a potential shift in ownership dynamics without affecting the company's governance structure or operational continuity [1][4]. Share Reduction Details - Xiamen Tongju plans to reduce its holdings by up to 1,270,000 shares, representing no more than 1.34% of the total share capital [1]. - Chairman Huang Zhijia intends to reduce his holdings by up to 1,580,000 shares, accounting for no more than 1.66% of the total share capital [1]. - Vice Chairman Liu Jian plans to reduce his holdings by up to 760,000 shares, which is no more than 0.80% of the total share capital [1]. - The total shares to be reduced by these shareholders amount to 3,610,000 shares, representing no more than 3.8% of the total share capital [2]. Implementation Timeline - The reduction plan will be executed within three months starting from 15 trading days after the announcement [2]. - The reduction will occur through centralized bidding and block trading, with specific limits on the total number of shares that can be sold within a 90-day period [2]. Current Shareholding Structure - As of the announcement date, Xiamen Tongju holds 13,747,042 shares, or 14.46% of the total share capital [2]. - Huang Zhijia holds 19,853,220 shares, representing 20.89% of the total share capital [2]. - Liu Jian holds 3,074,260 shares, accounting for 3.23% of the total share capital [2]. Related Parties - There are related parties involved in the shareholding structure, with Huang Zhijia being the executive partner of Xiamen Tongju and having familial ties to Huang Huai, who holds 2,520,648 shares, or 2.65% of the total share capital [3]. - The combined shareholding of these related parties amounts to 36,120,910 shares, representing 38.00% of the total share capital [3]. Company Background - Jieput was listed on the Shanghai Stock Exchange on October 31, 2019, with an initial offering price of 43.86 yuan per share [4]. - The total funds raised during the IPO amounted to 1.013 billion yuan, with a net amount of 915 million yuan after deducting issuance costs [4]. - The raised funds are allocated for various expansion projects and working capital [4].