Cubic Sensor And Instrument Co.,Ltd (688665.SH) shareholders plan to reduce their holdings by no more than 3% in total.

Cubic Sensor And Instrument Co.,Ltd (688665.SH) announced that the company recently received a "Letter of Intent Regarding Share Reduction by Shareholders" from its shareholders. Due to the shareholders' own funding needs, Zhigan Technology, a shareholder holding more than 5% of the company's shares, and the employee shareholding platforms Wuhan Juyou and Wuhan Gaisen plan to reduce their holdings of the company's shares through centralized bidding and block trades. Among them, Zhigan Technology plans to reduce its holdings by no more than 1,542,600 shares, accounting for no more than 1.5245% of the company's total share capital; Wuhan Juyou plans to reduce its holdings by no more than 1,070,700 shares, accounting for no more than 1.0581% of the company's total share capital; Wuhan Gaisen plans to reduce its holdings by no more than 422,400 shares, accounting for no more than 0.4174% of the company's total share capital.