Fangzhi Technology: Shareholder Huang Xiaofeng plans to reduce his stake in the company by no more than 3%.

Fangzhi Technology announced that its shareholder Huang Xiaofeng, who holds more than 5% of the shares, plans to reduce his holdings by no more than 7.5227 million shares. The reduction will be carried out through block trading and bulk trading, with the reason being personal fund needs. The reduction period will be within 3 months after 15 trading days from the date of the announcement.