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Spring Autumn Electronics: Controlling shareholder Xue Gewen plans to reduce holdings by no more than 2%
Spring and Autumn Electronics Announcement: The controlling shareholder, Xue Gewen, holds 144 million shares, accounting for 32.31%. He plans to reduce his holdings by no more than 8.9362 million shares, or 2%, through block trades from March 17, 2026, to June 16, 2026. The shares originate from pre-IPO holdings and capital reserve conversions. The reason for the reduction is due to personal funding needs.