Major Broadex Technologies shareholders plan significant equity reduction

Major shareholders Zhu Wei and Wang Xiaohong, collectively holding 34,405,458 shares (11.82% of total equity) in Broadex Technologies, have announced plans to reduce their holdings. The reduction will occur over three months, starting fifteen trading days after this announcement, utilizing both block trades and open market transactions. The planned reduction involves up to 8,600,000 shares, equivalent to 2.95% of the company's total share capital. Specifically, no more than 2,900,000 shares will be sold through centralized bidding, while up to 5,700,000 shares may be transacted via block trades. The reason cited for the reduction is for personal financial needs. The shareholders have pledged to comply with all relevant regulations and will disclose any changes to the plan. The reduction will not change the company’s control.