Core Viewpoint - The company, Wealth Trend, announced a share reduction plan by its controlling shareholder and chairman, Huang Shan, due to personal financial needs, which will not significantly impact the company's governance or ongoing operations [1] Group 1: Share Reduction Plan - Huang Shan plans to reduce his holdings by up to 7,683,400 shares, representing no more than 3% of the company's total share capital, within three months after 15 trading days from the announcement [1] - As of the announcement date, Huang Shan holds 174,753,478 shares, accounting for 68.23% of the total share capital [1] - The shares to be reduced are from those held prior to the company's initial public offering and from share increases, with a total of 63,685,670 shares released from restrictions on April 27, 2023 [1] Group 2: Fundraising and Financial Performance - Wealth Trend raised a total of 179,052.47 million yuan from its public offering, with a net amount of 171,392.63 million yuan, exceeding the original plan by 93,593.39 million yuan [2] - The company initially aimed to raise 77,799.24 million yuan for various projects, including an AI platform and financial research terminal [2] - In 2024, the company reported operating revenue of 388.98 million yuan, a decrease of 10.51% year-on-year, and a net profit attributable to shareholders of 303.94 million yuan, down 2.18% [3][5] - The net cash flow from operating activities was 199.44 million yuan, reflecting a decline of 16.22% compared to the previous year [3][5] - In the first quarter of 2025, the company experienced a further decline in revenue to 54.90 million yuan, down 22.72% year-on-year, and a net profit of 46.49 million yuan, a decrease of 7.37% [5]

Group 1 - The company guarantees the authenticity, accuracy, and completeness of the quarterly report, and assumes legal responsibility for any false records or misleading statements [2][6] - The first quarter financial statements are not audited, and the company has provided key financial data and indicators [3][4] - The company will hold its 2024 annual general meeting on May 20, 2025, with a network voting system in place [7][8] Group 2 - The company has opened a special account for raised funds and signed a four-party supervision agreement regarding the management of these funds [26][27] - The company raised a total of RMB 1,790,524,700.00 from its initial public offering, with a net amount of RMB 1,713,926,258.08 after deducting issuance costs [28] - The new special account is designated for specific projects and cannot be used for other purposes, ensuring compliance with relevant regulations [30][31]