Beijing InHand Networks Technology shareholder Defond successfully reduced its stake by 2%.

Beijing InHand Networks Technology (688080.SH) announced that the company's shareholder Changzhou Defengjie Clean Technology Entrepreneurship Investment Center (Limited Partnership) (hereinafter referred to as "Defengjie") has collectively reduced its holdings of the company's shares by 1.472 million shares through centralized competitive bidding, accounting for 2.00% of the company's total share capital at the time the reduction plan was disclosed. This reduction plan has been completed.