Changchuan Technology (300604.SZ) has disclosed that Hangzhou Changchuan Investment Management Partnership (Limited Partnership), a party acting in concert with its de facto controller, intends to divest a maximum of 7,059,600 shares, constituting no more than 1.1128% of the company's total share capital. This divestment will be executed via block trades during the period from March 12 to June 11, 2026. The motivation behind this share reduction is to align with the company's corporate fund management and investment planning strategies. The shares earmarked for divestment stem from pre-initial public offering holdings and additional shares acquired through equity distributions.
