Core Viewpoint - Chuhuan Technology (001336.SZ) announced a plan for pre-IPO employee shareholding platforms to reduce their holdings, which will not affect the company's control or governance structure [1][3]. Group 1: Shareholding and Reduction Plan - Shareholders Yuan Yi Investment and Chu Yi Investment plan to reduce a total of up to 2,395,605 shares, representing 3% of the total share capital after excluding shares in the company's repurchase account, within three months from February 10, 2026, to May 9, 2026 [1]. - The reduction will occur through centralized bidding and block trading, with a maximum of 798,535 shares (1% of total share capital) through centralized bidding and 1,597,070 shares (2% of total share capital) through block trading within any consecutive 90-day period [1]. - The number of shares to be reduced will be adjusted in case of any changes due to dividends, stock splits, or capital increases, but the proportion of the reduction will remain unchanged [1]. Group 2: Current Shareholding Status - As of the announcement date, Yuan Yi Investment holds 4,934,880 shares (6.1799% of total share capital), and Chu Yi Investment holds 2,741,600 shares (3.4333% of total share capital), totaling 7,676,480 shares (9.6132% of total share capital) [2]. - Both Yuan Yi Investment and Chu Yi Investment were established as employee shareholding platforms prior to the company's IPO, with the company's controlling shareholder and actual controller, Chen Budong, acting as the executive partner of these investments [2]. Group 3: Company Background and Financials - Chuhuan Technology was listed on the Shenzhen Stock Exchange on July 25, 2022, with an initial public offering of 20,093,500 shares at a price of 22.96 yuan per share [3]. - The total funds raised from the IPO amounted to 461.35 million yuan, with a net amount of 382.57 million yuan intended for projects related to exhaust gas treatment equipment production lines, technology research and development center, and working capital [4]. - The total issuance costs for the IPO were 78.78 million yuan, including underwriting and sponsorship fees of 41.11 million yuan [5].

Core Viewpoint - Chuhuan Technology announced a delay in the completion dates for two fundraising projects, extending the timelines for the "Waste Gas Treatment Equipment Production Line Project" and the "Technology R&D Center and Information Collaboration Platform Construction Project" by one year each [2]. Group 1 - The board meeting of Chuhuan Technology was held on September 18, 2025, to review the proposal for the delay of certain fundraising projects [2]. - The completion date for the "Waste Gas Treatment Project" has been postponed from September 20, 2025, to September 20, 2026 [2]. - The completion date for the "Technology R&D Center and Information Collaboration Platform" has been postponed from October 12, 2025, to October 12, 2026 [2].

Group 1 - The major shareholder, Zhejiang Chuchu Equity Investment Partnership, plans to reduce its stake in Chuhuan Technology by up to 2,395,605 shares, representing 3% of the total share capital after excluding repurchased shares, within three months starting from May 27, 2025 [1] - The reduction will occur through a combination of centralized bidding and block trading, with a maximum of 798,535 shares to be sold via centralized bidding and 1,597,070 shares via block trading [1] - Chuhuan Technology assures that this reduction will not lead to a change in control or affect the company's governance structure and ongoing operations [1] Group 2 - In Q1 2025, Chuhuan Technology reported revenue of 24.23 million yuan, a year-on-year decrease of 74.05%, and a net profit attributable to shareholders of 3.90 million yuan, down 57.18% [2] - The company's cash flow from operating activities was 20.26 million yuan, compared to 11.41 million yuan in the same period last year [2] - Chuhuan Technology was listed on the Shenzhen Stock Exchange on July 25, 2022, raising a total of 460 million yuan, with net proceeds of 382.57 million yuan intended for various projects including air pollution control equipment production lines and a technology research center [3][4]