Defu Technology has announced that its shareholder, Tuozhen Fund, which holds a stake exceeding 5% in the company, along with its affiliated entity Ruixiao Pengtai, intends to reduce their collective shareholding by up to 3.4%. Furthermore, the company's Employee Strategic Placement Asset Management Plan also plans to reduce its holdings by a maximum of 0.64%. The methods for this reduction may encompass centralized bidding or block trading. The rationale behind these reductions stems from the capital requirements of Tuozhen Fund and its affiliated entities, as well as the resignation and corresponding capital needs of certain holders within the Employee Strategic Placement Asset Management Plan.