Xingsen Technology has officially declared that its controlling shareholder, who is also the actual controller, chairman, and general manager, Qiu Xingya, has successfully executed his share reduction strategy. Over the period spanning from August 5 to September 22, Qiu Xingya divested a cumulative total of 9,963,900 shares via centralized bidding transactions. This reduction represents 0.5871% of the company's total share capital, calculated after excluding the shares held in the company's dedicated account for share repurchases, a practice that aligns with standard English financial reporting conventions for clarity. Post-reduction, Qiu Xingya's remaining stake in the company stands at 234,412,652 shares, constituting 13.8111% of the total share capital. This adjustment reflects strategic financial maneuvering common in global markets, ensuring transparency and adherence to regulatory standards.