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Rongqi Technology (Stock Code: 301360.SZ) has issued a statement revealing that one of its shareholders, the Soochow Securities - Industrial and Commercial Bank of China - Soochow Securities Rongqi Technology Employee Participation Strategic Placement Collective Asset Management Plan for the Growth Enterprise Market (GEM), intends to divest its stake by selling no more than 704,646 shares. This divestment equates to a reduction of no more than 1.32% of the company's entire share capital. The divestment process will be executed either through centralized bidding transactions or block trades, primarily to meet the funding requirements of the asset management plan's participants. The timeframe for this share reduction is set within three months, commencing fifteen trading days after the public disclosure of this announcement.
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