Seven companies on the Sci-Tech Innovation Board plan to abandon their reduction plans, with a total reduction of more than 2.6 billion yuan in company shares.

On August 29th, shareholders of seven companies on the Sci-Tech Innovation Board announced their plans to reduce their holdings. Based on the closing price on August 28th, the shareholders of the above-mentioned companies plan to collectively reduce their holdings by approximately 2.647 billion yuan, with reduction ranges varying from 5.3 million yuan to 1.407 billion yuan. The reduction subjects include controlling shareholders, controlling shareholders, employee stock ownership plans, shareholders holding more than 5%, etc. In terms of reduction types, it includes bulk trading, block trading, inquiry transfer, etc. Aojie Technology announced that its shareholder Alibaba Network plans to reduce its total number of shares by no more than 12.549 million shares, with a reduction ratio of no more than 3% of the company's total share capital through bulk trading and centralized auction trading within 3 months after the disclosure of the announcement. On the same day, shareholders of 7 companies including Geko Micro, Xiangsheng Medical, Nanmo Biotechnology, and Sino Medical announced their reduction plans.