FORTIOR (01304) announced that based on its own funding requirements, shareholder Shanghai Huaxin plans to reduce its shareholding by no more than 3.4176 million shares through centralized bidding or block trading methods, representing no more than 3.00% of the company's total share capital. The share reduction will be conducted within three months after fifteen trading days from the date of this announcement disclosure.

According to the relevant provisions of the "Special Regulations on Share Reduction by Venture Capital Fund Shareholders of Listed Companies (2020 Revision)" and the "Shanghai Stock Exchange Implementation Rules for Share Reduction by Venture Capital Fund Shareholders of Listed Companies (2020 Revision)", Shanghai Huaxin is a private fund that has completed registration with the Asset Management Association of China and has successfully applied for the share reduction policy for venture capital fund shareholders from the Asset Management Association of China. As of the date of Fengdie Technology's initial public offering and listing, Shanghai Huaxin's investment period exceeded 60 months. Therefore, when Shanghai Huaxin reduces its holdings of the company's pre-IPO shares through centralized bidding or block trading, the total number of shares to be reduced is not subject to proportional restrictions.