Core Viewpoint - Hubei Changjiang Weilai New Energy Investment Management Co., Ltd. plans to reduce its stake in Futec Technology, holding 10.65% of the total share capital, due to its own funding needs [1][2] Group 1: Shareholding and Reduction Plan - Hubei Changjiang Weilai New Energy Industry Development Fund plans to reduce its holdings by up to 3% of the total share capital from October 13, 2025, to January 12, 2026 [1] - The reduction will occur through centralized bidding and block trading, with specific limits on the amount that can be sold within any 90-day period [1] - The shares held by the fund are unrestricted and not subject to any pledges or freezes [1] Group 2: Company Background and Clientele - Futec Technology specializes in the research, production, and sales of high-voltage power supply systems for electric vehicles, including on-board chargers and DC/DC converters [2] - NIO Inc. is a major client of Futec Technology, which has recently announced plans to publicly issue up to 182 million A-class ordinary shares [2] - NIO reported a significant net loss of 4.995 billion yuan in the second quarter, despite a 26% reduction in losses compared to the previous quarter [2]

Core Viewpoint - Hubei Changjiang Weilai New Energy Investment Management Co., Ltd. plans to reduce its stake in Fute Technology, holding 10.65% of the total share capital, due to its own funding needs [1][2]. Group 1: Share Reduction Plan - The Changjiang Weilai Industrial Fund intends to reduce its holdings by up to 3% of the total share capital from October 13, 2025, to January 12, 2026, through centralized bidding and block trading [1]. - The specific limits for the reduction include a maximum of 1% through centralized bidding and 2% through block trading within any continuous 90-day period [1]. - The reduction price will be determined based on market conditions at the time of the sale, with a minimum price not lower than the issuance price [1]. Group 2: Company Background - Fute Technology specializes in the research, production, and sales of high-voltage power supply systems for electric vehicles, including on-board chargers (OBC), on-board DC/DC converters, and integrated power supply products [2]. - NIO Inc. is a major customer of Fute Technology, which is significant given NIO's recent announcement to publicly issue up to 182 million A-class ordinary shares as part of its second public financing plan this year [2]. - NIO reported a net loss of 4.995 billion yuan in the second quarter, although this represented a 26% reduction from the previous quarter [2].