Foun Technology: Shareholders plan to reduce their shareholding by no more than 2%

Fu Neng Technology announcement, shareholders Jiangxi Lidar, Beijing Lidar, Gqingcheng Lidar, and Shenzhen Lidar plan to reduce their holdings of the company's shares through block trades and/or centralized bidding, with a total reduction not exceeding 24.4421 million shares, representing no more than 2% of the company's total share capital. The reduction period will be three months from the disclosure date of the announcement, with the total number of shares to be reduced through centralized bidding not exceeding 12.221 million shares, representing 1% of the total shares; and the total number of shares to be reduced through block trades not exceeding 24.4421 million shares, representing 2% of the total shares. This reduction plan is made by the shareholders based on their own operational needs and will not have a significant impact on the company's governance structure and ongoing operations.