TECHMATION: The controlling shareholder plans to reduce its holdings by no more than 1% of the company's shares

TECHMATION announced that its controlling shareholder RED FACTOR LIMITED plans to reduce its holdings by no more than 4.0421 million shares, which is no more than 1% of the company's total share capital, with a reduction period of 3 months starting 15 trading days after the announcement is disclosed. RED currently directly holds 39.8624% of the company's shares, and its concerted party, Bang Bang Trade Co., Ltd., holds 13.8435% of the shares, totaling 53.7059%. This reduction is due to the shareholder's own funding needs and will not lead to a change in the company's control