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Hangzhou Changchuan Technology released an announcement, noting that the cumulative increase in the closing price of the company's stock over two consecutive trading days has surpassed a 30% threshold, indicating abnormal volatility. At present, the company's production and business operations are proceeding smoothly, with no significant changes occurring in either the internal or external environments. Between August 25 and September 24, 2025, Changchuan Investment has progressively decreased its stake in the company by 1.00% through a combination of centralized bidding and block trades, with the reduction plan now fully executed. As of the date of the notification letter, Changchuan Investment has cumulatively divested 11.22 million shares, representing 1.7796% of the total share capital. This reduction remains within the bounds set by the pre-announced reduction plan.
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