Group 1 - The core point of the announcement is that the shareholder, Lihua Technology, plans to reduce its stake in Lihua Micro (688589.SH) by up to 4.3598 million shares, accounting for 3% of the total share capital [1][3] - The reduction will be executed through centralized bidding and block trading on the Shanghai Stock Exchange, with the timing, quantity, and price of the reduction being uncertain [3] - The company assures that this reduction will not lead to changes in the controlling shareholder or actual controller, nor will it adversely affect the company's governance structure, equity stability, or ongoing operations [3] Group 2 - Lihua Micro focuses on the research and development of IoT communication chips and solutions, with applications in smart grids, energy management, and industrial interconnectivity [3] - Industry experts believe that the company has long-term growth potential due to the ongoing upgrades in the IoT industry [3] - The management emphasizes its commitment to enhancing core competitiveness and profitability through continued focus on main business development, technological innovation, and market expansion [3]