Sinofuse Electric: The shareholders of the company's employee stock ownership platform plan to reduce their holdings by no more than 1% of the company's shares

On October 12th, Sinofuse Electric announced that its employee shareholding platforms, Yongchun Zhongyu Enterprise Management Consulting Partnership and Yongchun Zhongying Enterprise Management Consulting Partnership, plan to reduce their holdings of the company's shares by a total of no more than 979,600 shares, or no more than 1.00% of the company's total share capital, within three months after the announcement date and 15 trading days thereafter, through centralized bidding or block trading. Among them, Yongchun Zhongyu intends to reduce no more than 548,600 shares, and Yongchun Zhongying intends to reduce no more than 431,000 shares. The reduction price will be determined based on the secondary market price at the time of reduction and will not be lower than the issuance price of the company's initial public offering. The reason for the reduction is the funding needs of the platform employees. The implementation of this reduction plan is subject to uncertainty