Group 1 - Longqi Technology announced the early termination of share reduction plans by shareholders and the results of the share reduction [1][3] - Tianjin Jinmi reduced approximately 13.75 million shares, accounting for 2.96% of the total share capital, with a total reduction amount of approximately 546 million yuan [3][4] - Suzhou Shunwei reduced approximately 13.95 million shares, accounting for 3.00% of the total share capital, with a total reduction amount of approximately 548 million yuan [4][5] Group 2 - The combined cashing out from both Tianjin Jinmi and Suzhou Shunwei is nearly 1.1 billion yuan, with both shareholders' holdings dropping below 5% [4][6] - Longqi Technology submitted a prospectus to the Hong Kong Stock Exchange, with Citigroup, Haitong International, and Guotai Junan International acting as joint sponsors [7] - Longqi Technology is the second-largest consumer electronics ODM manufacturer globally and the largest smartphone ODM manufacturer based on 2024 shipment volume [8] Group 3 - Longqi Technology's revenue for 2022, 2023, and 2024 was 29.34 billion yuan, 27.18 billion yuan, and 46.38 billion yuan respectively, with net profits of 561 million yuan, 605 million yuan, and 501 million yuan [9][10] - In Q1 2025, Longqi Technology achieved revenue of 9.38 billion yuan, a year-on-year decrease of 9.27%, while net profit attributable to shareholders increased by 20.33% to 154 million yuan [11]

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