Shengyang Technology: Shareholder China Communications Beidou intends to reduce its shareholding of the company by no more than 1%.

On the evening of July 28, Shengyang Technology announced that Guojiao Beidou, a shareholder holding 5.4% of the company's shares, intends to reduce its holdings of the company's shares by no more than 4.1498 million shares through centralized bidding due to its own capital needs, with the reduction ratio not exceeding 1% of the total share capital of the company.