Chenfeng Technology announced on December 14 that Hangzhou Hongwo Owned Capital Investment Co., Ltd., a shareholder holding 4.3134% of the shares, plans to reduce the company's shares by no more than 2,5095 million shares, that is, no more than 1% of the company's total shares through centralized bidding transactions; reduce the company's shares by no more than 5.019 million shares through bulk transactions, that is, no more than 2% of the company's total shares.

Chenfeng Technology announced on December 14 that Hangzhou Hongwo Owned Capital Investment Co., Ltd., a shareholder holding 4.3134% of the shares, plans to reduce the company's shares by no more than 2,5095 million shares, that is, no more than 1% of the company's total shares through centralized bidding transactions; reduce the company's shares by no more than 5.019 million shares through bulk transactions, that is, no more than 2% of the company's total shares.