Bowan Technology: Shanghai Depeng plans to reduce its stake in the company by no more than 3%

Bowan Technology Announcement: Shareholder Shanghai Depeng intends to reduce its holdings by a total of no more than 7.0826 million shares through centralized competitive trading and/or block trading within 3 months after the announcement is issued. This amount is equivalent to 3% of the total share capital of the company. As of the disclosure date of this announcement, Shanghai Depeng Industrial Co., Ltd. holds 15.5317 million shares of the company, accounting for 6.58% of the total share capital of the company, all of which are freely tradable shares.