Torch Technology: The controlling shareholder, actual controller and their concerted parties recently reduced their holdings by 868,000 shares.

Juguang Technology announced that the company's controlling shareholder and actual controller, Liu Xingsheng, and his concerted action parties, Song Tao, Yansuibin, Li Xiaoning, Tian Ye, Ningbo Ningju, Ningbo Xinju, and Ningbo Jichen collectively reduced their holdings of the company's shares by 868,821 shares through centralized bidding and/or block trading from September 4 to September 12, 2025. After the reduction, the total shareholding ratio decreased from 16.70% to 15.73%, triggering a change in equity exceeding the 1% threshold.