Shareholder Shanghai Huaxin intends to reduce its stake in FORTIOR (01304) by no more than 3.4176 million shares.

FORTIOR (01304) announced that, based on its own capital needs, shareholder Shanghai Huaxin intends to reduce its holdings by no more than 3.00% of the total share capital of the company, or up to 3.4176 million shares, through centralized bidding or block trading. The reduction period will take place within three months after fifteen trading days from the date of this announcement. According to the relevant regulations of the "Special Provisions on Share Reduction by Shareholders of Listed Companies' Venture Capital Funds (2020 Revision)" and the "Implementation Rules for Share Reduction by Shareholders of Listed Companies' Venture Capital Funds on the Shanghai Stock Exchange (2020 Revision)", Shanghai Huaxin is a private equity fund that has completed registration with the China Securities Investment Fund Association and has successfully applied for the share reduction policy for shareholders of venture capital funds from the China Securities Investment Fund Association. As of the first day of public offering and listing of Fortior Technology (Shenzhen) Co., Ltd., the investment period of Shanghai Huaxin is more than 60 months, therefore there is no restriction on the total number of shares Shanghai Huaxin may reduce through centralized bidding or block trading before the company's initial public offering.