Boshi Automation shareholder plans to reduce stake

Harbin Boshi Automation (SZSE: 002698) announced that shareholder United Innovation Future (Wuhan) Intelligent Manufacturing plans to decrease its stake in the company. According to the pre-disclosure, United Innovation Future, currently holding 145,176,676 shares (approximately 14.20% of the total share capital), intends to reduce its holdings by no more than 30,676,822 shares, or 3% of the total share capital. The reduction will be executed through both block trades and open market transactions. The period for the share reduction will begin 15 trading days after the announcement date and extend for three months, running from April 14, 2025, to July 13, 2025. The reason for the reduction is to meet United Innovation Future's own funding needs. The shareholder has committed to adhering to relevant laws, regulations, and information disclosure requirements during the reduction process.