Iruyang Technology, one of the controlling shareholders of Focus Technology (300203.SZ), plans to passively reduce its holdings by no more than 4.4873 million shares.

The Smart Finance and Economics APP, Juguang Technology (300203.SZ) announced that the company recently received a notification from one of its controlling shareholders, Ruiyang Technology, that due to Ruiyang Technology's default on margin trading contracts with CITIC Securities, some of the company's shares held by Ruiyang Technology will be forcibly liquidated by CITIC Securities, and they plan to passively reduce their holdings of the company's shares by no more than 4.4873 million shares, not exceeding 1% of the company's total share capital.