LightGrid Technology (688450.SH) shareholders Cornerstone Investment and Fang Guang Phase II plan to reduce their combined stake by no more than 3.99%.

The Wise Finance APP announced that Light Grid Technology (688450.SH) has issued a notice. Cornerstone Capital intends to reduce its holdings of the company's shares by no more than 115.78 million shares, accounting for 1.75% of the total shares of the company, through centralized bidding and block trading for its own operational needs. Fangguang Phase II intends to reduce its holdings of the company's shares by no more than 147.71 million shares, accounting for 2.24% of the total shares of the company, through centralized bidding and block trading for its own funding needs.