Red Tower Innovation, a shareholder of Suzhou Sunmun Technology (300522.SZ) holding a 0.67% stake, plans to completely clear its position through reduction of holdings.

Suzhou Sunmun Technology (300522.SZ) announced that the board of directors recently received a notification letter from the company's shareholder, Hongta Innovation (Kunshan) Entrepreneurship Investment Co., Ltd. (referred to as "Hongta Innovation"), regarding the company's share reduction plan. Hongta Innovation holds 2.16 million shares of the company (0.67% of the total existing share capital of the company) and plans to reduce its holdings through centralized competitive trading within 3 months after the announcement of the share reduction plan (from November 21, 2024 to February 20, 2025). The planned reduction quantity will not exceed 2.16 million shares (including this amount) and will not exceed 0.67% of the total share capital of the company.