TFC Optical shareholder completes share reduction plan

Suzhou TFC Optical Communication (SZSE:300394) announced that shareholder Zhu Guodong has completed his share reduction plan, which was initially disclosed in December 2024. Between January 22, 2025, and March 20, 2025, Zhu Guodong reduced his stake by 3,451,200 shares, representing 0.6230% of the company's total share capital. The shares were sold at an average price of 98.34 yuan per share. Following the reduction, Zhu Guodong's holding in TFC Optical has decreased from 8.9038% to 8.2808%. The company stated that the share reduction will not affect the company's governance structure or control. The share reduction was compliant with relevant regulations and previously disclosed plans.