Xingye Technology: Shareholder Chunhong plans to reduce his equity stake by no more than 3%.

Notice from Xingye Technology: Shareholder Fujian Chunhong Equity Investment Partnership holds 31.464 million shares, accounting for 10.65%. They plan to reduce their holdings by a total of 8.8665 million shares, or 3%, through centralized bidding and block trading within three months after the public announcement date, with no more than 2.9555 million shares, or 1%, through centralized bidding and no more than 5.911 million shares, or 2%, through block trading. The shares are from the company's initial public offering, and the reason for the reduction is for capital needs.