Core Viewpoint - Zheng Chaoyang, a shareholder of JuJiao Co., plans to reduce his stake in the company due to personal financial arrangements, with a total reduction of up to 2,412,534 shares, representing 3.00% of the company's total share capital [1][2]. Shareholding and Reduction Plan - As of the announcement date, Zheng Chaoyang holds 3,442,222 shares, accounting for 4.28% of JuJiao Co.'s total share capital [1]. - The reduction plan includes selling up to 804,178 shares through centralized bidding and up to 1,608,356 shares through block trading within specified time frames [1]. - The estimated monetary value of the planned reduction is approximately 99.90 million yuan, based on the closing price of 41.41 yuan per share on September 24 [2]. Historical Shareholding and Transactions - Zheng Chaoyang initially held 5,848,100 shares, which was 7.31% of the total share capital [2]. - Since December 26, 2023, he has cumulatively reduced his holdings by 2,405,900 shares, realizing approximately 68.02 million yuan [2]. - A detailed table of past reductions shows various dates, average selling prices, and amounts realized, with a total of 240.59 thousand shares sold for 68.01 million yuan [3]. Company Background - JuJiao Co. was listed on the Shenzhen Stock Exchange's ChiNext board on September 2, 2022, with an initial public offering of 20 million shares at a price of 52.69 yuan per share [3]. - The company raised a total of 1,053.80 million yuan, with a net amount of 962.20 million yuan after expenses, exceeding the original fundraising plan by 48.15 million yuan [4]. - The total issuance costs amounted to approximately 91.60 million yuan, with underwriting fees of 76.27 million yuan [5].