Core Viewpoint - MinDe Electronics announced a share reduction plan involving its controlling shareholder and vice president, which will not affect the company's control or governance structure [1][2]. Share Reduction Plan - Controlling shareholder Xu Xiangcan holds 21,959,737 shares, representing 12.92% of the total shares after excluding repurchased shares, and plans to reduce up to 3,398,300 shares (2% of total shares) through block trading from August 28, 2025, to November 27, 2025 [1][2]. - Vice president Yi Yangqing holds 16,416,971 shares, representing 9.66% of the total shares after excluding repurchased shares, and also plans to reduce up to 3,398,300 shares (2% of total shares) through centralized bidding and/or block trading during the same period [1][2]. Financial Impact - Based on the closing price of 28.39 yuan on August 6, 2025, the estimated cash amount from the share reduction is approximately 96.48 million yuan [2]. - Yi Yangqing has previously reduced his holdings, selling a total of 2.15 million shares since September 2020, with total cash proceeds of approximately 64.30 million yuan [2]. Historical Share Reduction - From July to December 2023, Xu Xiangcan reduced his holdings by 799,200 shares, accounting for 0.4629% of the total shares, with a total cash amount of 21.02 million yuan [4][5]. Company Financial Performance - In 2024, MinDe Electronics reported revenue of 409.44 million yuan, a year-on-year increase of 2.49%, but incurred a net loss of 113.92 million yuan, compared to a profit of 12.56 million yuan in the previous year [8][9]. - For the first quarter of 2025, the company achieved revenue of 53.98 million yuan, a year-on-year decrease of 17.82%, while net profit was 33.47 million yuan, a significant increase of 16,299.56% compared to the same period last year [10].