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Shangluo Electronics: Controlling shareholder Sha Hongzhi plans to reduce holdings by 3%
Shangluo Electronic Announcement: The controlling shareholder and actual controller, Sha Hongzhi, holds 248 million shares, accounting for 36.23% of the total share capital of the company after excluding shares in the repurchase dedicated account. He plans to reduce his holdings by no more than 20.51 million shares, representing 3% of the company’s total share capital after excluding shares in the repurchase dedicated account, through centralized bidding and block trades from March 5, 2026, to June 4, 2026. The reason for the reduction is personal funding needs.