Hangzhou Medikai's shareholders with more than 5% of the shares reduced their holdings, reducing their stake to 5.92%.

Hangzhou Meidikai Optoelectronic Technology Co., Ltd. released an announcement. On September 17th, the company received a notification letter from its shareholder Hong Kong Fengsheng Jiamei Investment Limited informing that they had reduced their holdings by 2,424,798 shares through centralized bidding, reducing their ownership from 6.52% to 5.92%, reaching a multiple of 1%. This change in equity is part of the shareholder's previous reduction plan, does not trigger a tender offer, will not result in a change in the company's controlling shareholder or actual controller, and does not involve the disclosure of an equity change report. As of the announcement date, the shareholder is still in the implementation period of the reduction plan, and the company will urge them to reduce their holdings in compliance and disclose information in a timely manner, reminding investors to pay attention to the risks.