Global Infotech: Shareholder completes planned equity reduction

** Global Infotech (SZSE:300465) announced that shareholder Union Technology completed its planned reduction of company shares between April 28, 2025, and May 6, 2025, via centralized bidding. Union Technology sold off 4,400,000 shares, representing 0.9916% of Global Infotech's total share capital, at an average price of CNY14.05 per share. The disposal reduces Union Technology's stake in Global Infotech from 8.36% to 7.37%. The shares sold were obtained before Global Infotech's initial public offering. Union Technology's announcement confirms that the reduction was executed in compliance with relevant laws and regulations. Global Infotech confirms the change will not alter the company's control structure or significantly impact operations.